Monthly Archives: <span>November 2020</span>

Flood Waters Keep Rising in South Florida from Tropical Storm Eta

Beaches and coronavirus testing sites were closed, public transportation shut down and some evacuations in place early Monday after Tropical Storm Eta made landfall in the Florida Keys, bringing heavy rains to already flooded city streets after leaving scores of …

Florida Regulator Calls for Further Workers’ Comp Rate Decrease

Florida’s insurance regulator has called for a further decrease to proposed workers’ compensation insurance rates in response to a filing by the National Council on Compensation Insurance (NCCI). In an order issued Oct. 30, Florida Insurance Commissioner David Altmaier said …

London Stock Market to Require Climate Disclosures for Listed Companies

Companies listed on the London Stock Exchange will have to improve disclosures on the risks they are facing from climate change from January, Britain’s financial watchdog said on Monday. Nikhil Rathi, chief executive of the Financial Conduct Authority (FCA), said …

Reduced Driving Turns Into Fewer Injuries and Workers’ Compensation Claims

The COVID-19 pandemic comes with one bright spot for workers’ compensation insurers: Fewer workers are being injured in motor vehicle accidents. A research brief issued by the National Council on Compensation Insurance projects that workers’ compensation claims caused by motor …

Mediator Reports ‘Substantial Progress’ by Bayer in Resolving Roundup Cancer Lawsuits

A court-appointed mediator on Monday said Bayer AG has made “substantial progress” toward resolving tens of thousands of remaining claims that its Roundup weedkiller causes cancer. The mediator Kenneth Feinberg spoke at a Zoom hearing in San Francisco federal court, …

Philippine Insurers Under Pressure to Meet New Capital Requirement Amid Pandemic

AM Best believes local companies in the Philippine insurance industry will still face significant pressure on underwriting growth and profitability amid the ongoing COVID-19 pandemic with the recent rejection of a proposal to relax minimum capital requirements. A new Best’s …

Study Shows COVID-19 Patients at Greater Risk of Mental Health Problems

Many COVID-19 survivors are likely to be at greater risk of developing mental illness, psychiatrists said on Monday, after a large study found 20% of those infected with the coronavirus are diagnosed with a psychiatric disorder within 90 days. Anxiety, …

Earthquake Felt Across Southern New England

An earthquake struck southern New England on Sunday morning but there were no reports of serious damage. The earthquake centered a few miles off the coast of New Bedford in Buzzards Bay struck just after 9 a.m., according to Randy …

North Carolina Woman Accused of Filing Fake Insurance Claims

A North Carolina woman has been arrested for filing fake insurance claims suggesting she was the victim of theft, vandalism and electrical problems at her home, officials said. North Carolina Insurance Commissioner Mike Causey said in a news release on …

Judge Upholds El Paso Virus Surge Business Restrictions

A Texas district judge has upheld an order from El Paso County’s top elected official shutting down businesses while the region fights an alarming surge in COVID-19 cases. The decision from Judge Bill Moody of El Paso’s 34th District Court …