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Florida Begins ‘Phase 1’ Reopening, Except for South Florida

Florida partially reopened Monday, allowing restaurants and shops in most of the state to open at 25% capacity in hopes of kick-starting the ailing economy after weeks of coronavirus-related shutdowns. Business owners and customers reacted with emotions ranging from elation …

What to Expect in Workers’ Compensation Costs From COVID-19: NCCI

If only 10 percent of health care workers contract COVID-19 and all of their claims are deemed compensable, workers’ compensation loss costs for that sector could double or even triple in some states, according to an analysis by the National …

Transparency Is Key for Insurance Agents Handling Coronavirus Claims

Business interruption insurance has been a much-debated topic during the coronavirus crisis, with some businesses already pushing back against virus-related claim denials. In several cities, groups of businesses have filed lawsuits challenging virus exclusions in their business interruption policies, such …

Legal Sea Foods Restaurant Sues Over Business Losses Under Policy Issued March 1

A popular seafood restaurant chain that has been shuttered by the coronavirus and restrictions on dining has gone to court to get its insurer to pay for its business interruption losses. It believes its insurer is obligated in part because …

Alabama High Court Rejects Motorist Lawsuits Challenging Traffic Camera Tickets

The Alabama Supreme Court on Friday upheld the dismissal of lawsuits challenging the use of traffic cameras to ticket motorists. The lawsuits were filed by motorists who received tickets from traffic cameras in Midfield, Center Point and Opelika. The suits …

Strong Storms Knock Out Power for 100K in Tennessee

Storms with high winds swept through Tennessee knocking down trees and power lines, causing one death and leaving more than 100,000 customers without power, officials said. The storms Sunday caused one of the largest power outages on record in Nashville, …

Analysts Tally Workers’ Comp Cost of Exposure to COVID-19

While the potential cost of relaxing a tenet of the workers’ compensation system to deal with extraordinary circumstances of COVID-19 could top $50 billion, it’s more likely to be one-fifth of that, an analyst reported recently. States like Michigan and …

Some Michigan Drivers Could See Big Drop in Insurance Rates with New Law

Michigan’s new auto insurance no-fault law, passed in May 2019, does not take effect until July 2, but the state’s governor and insurance regulators say recently approved insurer rate filings already show that insurance rates for Michigan drivers will be …

California Attorney General and City Attorneys Sue Uber, Lyft for Worker Misclassification

California Attorney General Xavier Becerra and the city attorneys of Los Angeles, San Diego, and San Francisco, on Tuesday sued Uber and Lyft for misclassifying their drivers as independent contractors in violation of the law. Pursuant to authority codified by …

Hiscox to Raise Capital in Response to COVID-19 Growth Opportunities and Exposures

Lloyd’s insurer Hiscox is planning a capital raise via the placement of new ordinary shares, which will enable the company to respond to expected growth opportunities ahead and prudently prepare for possible “downside scenarios.” of the COVID-19 crisis. New ordinary …

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