June 9, 2020
The California Earthquake Authority today released updated guidelines for identifying, evaluating and repairing residential earthquake damage were The guidelines were updated at CEA’s annual claim manager meeting. Experts from CEA and the Applied Technology Council presented the new CEA-ATC publication …
June 9, 2020
Zurich Insurance Group has introduced a new legal panel to provide advice on the management of large and complex claims across the Europe, Middle East & Africa (EMEA) region. The new panel consists of BLM, Clyde & Co, DAC Beachcroft …
May 26, 2020
The Workers’ Compensation Insurance Rating Bureau of California published estimated costs of allowing state workers to receive benefits for COVID-19 claims without proving virus exposure at work, dropping a prior mid-range estimate by $10 billion. In a report published on …
May 22, 2020
The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in costly class action lawsuits. Treasurer Josh Frydenberg said on Friday that litigation funders will be required to hold an Australian …
April 17, 2020
This post is part of a series sponsored by CoreLogic. California’s 2017 and 2018 catastrophic wildfire events hit state insurers historically hard, with record-breaking losses of over $25 billion.1 2 Three years later, state regulators, utility companies, and insurers are …
February 27, 2020
A $13.5 billion settlement between victims of California’s catastrophic wildfires and the utility blamed for causing them was supposed to bring some peace and hope to people still reeling from the devastation. Instead, the deal has sparked confusion, resentment, suspicion …
February 12, 2020
Last year was a particularly hazardous one, with natural catastrophes causing excessive damages in what appears to be an ongoing trend of higher losses in the past decade, while also posing a danger in many U.S. communities to home ownership, …
February 7, 2020
Recent wildfires in California Wine Country, particularly those that devastated parts of Napa and Sonoma counties in October 2017, have focused attention on whether insurance covers smoke taint damage to grapes and wine. Many wineries and grape growers have notified …
January 22, 2020
A California man is being charged with attempting to defraud his insurer of $43,000 while his $1 million property claim from one of the massive wildfires that struck the state in 2018 appears to be legitimate. Stephen Cortopassi, 64, of …
December 11, 2019
Workers’ compensation claims have emerged as another yardstick for measuring the devastation of the mass shooting in Virginia Beach. The Virginian-Pilot reported Sunday that 450 city employees have filed for workers’ compensation benefits. The vast majority of the claims are …