Home / Tag Archives: insurance

Tag Archives: insurance

Without corona virus protection, NBA relies on liability insurance

The Wide World of Sports Complex at the Disney Complex continues to prepare around the venue as the NBA is less than a week from moving into the Orlando bubble. mpi34 | MediaPunch | IPX over AP The National Basketball Association will resume its season later this month with a league-wide general liability insurance policy that will not reimburse costs …

Read More »

“Massive fraud” against state unemployment insurance programs – cancer on security

A well-organized Nigerian crime ring takes advantage of the COVID-19 crisis by massively defrauding several government unemployment programs, with potential losses of hundreds of millions of dollars U.S. intelligence agency. A memo seen by KrebsOnSecurity, which the Secret Service distributed to field offices in the US on Thursday, said the ring submitted unemployment claims in various states using social security …

Read More »

Car insurance must give drivers something back

Auto insurance companies must initiate repayments to California drivers who have largely parked their cars while ordering to slow the spread of the coronavirus pandemic. Californian insurance commissioner Ricardo Lara announced in a bulletin on Monday that companies will have 60 days to tell his department how to return money to policyholders. You must also make the repayment and notify …

Read More »

Insurance companies cut premiums in the event of a coronavirus outbreak

Several large insurance companies are lowering premiums due to lower claims due to social distancing measures taken during the coronavirus pandemic. State Farm announced that a dividend of up to $ 2 billion will go to auto insurance customers who will receive approximately 25 percent of their premium from March 20 through May 31, although the exact percentages vary by …

Read More »

Legislative insurer: Health insurance was not designed for pandemics

A group of associations representing members of the health insurance industry wrote a letter to two Congressmen from California stating that health insurance companies are not designed to withstand pandemics such as the current corona virus outbreak. “Insurance coverage works through risk diversification, but this model simply cannot explain a situation where losses are catastrophic and almost universal,” the collective …

Read More »

Allstate and American Family are refunding $ 800 million in auto insurance premiums

Two major auto insurance companies have announced that they will return around $ 800 million in premiums to their customers because on-site advice across the country has resulted in fewer drivers traveling. A third insurer stated that he credits customer accounts if they have auto or motorcycle insurance. Allstate, which returns $ 600 million, announced that its customers will be …

Read More »

The French laundry restaurateur Thomas Keller is suing for corona virus insurance cover

Keller’s lawyer says the lawsuit against the insurance company Hartford Fire Insurance Company – and other similar lawsuits filed by restaurant owners – is meant to set a precedent for companies facing corona virus closure to be covered by their business interruption insurance. Matthew Sturdevant, a spokesman for The Hartford, declined to comment on the lawsuit. The suit was brought …

Read More »