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  Other Claims News

Norwegian Cruise Line flags doubts about ability to stay afloat
On Business Insurance - May 5, 2020

(Reuters) — Norwegian Cruise Line Holdings Ltd., the world's third-largest cruise operator, raised doubts about its ability to keep running as a business on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.

The company’s shares slumped about 20% as it also launched a $1.6 billion offering of shares and bonds in a scramble to raise money, and announced a $400 million investment in a subsidiary from a private equity firm.

Norwegian Cruise and rivals Carnival Corp. and Royal Caribbean Cruises have been among the most high-profile victims of the pandemic...

Calif. sues Uber, Lyft over misclassifying drivers
On Business Insurance - May 5, 2020

(Reuters) — California's attorney general on Tuesday sued Uber Technologies Inc. and Lyft Inc. for classifying its drivers improperly as independent contractors instead of employees, evading workplace protections and withholding worker benefits.

Several California cities joined the state in its lawsuit, saying the companies' misclassification harms workers, law-abiding businesses, taxpayers and society more broadly.

Insurers Loss Estimates Linked to Coronavirus Range Widely: Analysis
On Insurance Journal - May 5, 2020

Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios.

Executives, lawyers and analysts say the cost is sure to be multiples of prior catastrophes like Hurricane Katrina, the Tōhoku tsunami or the 9/11 terrorist attacks.

Back to Work: How Businesses Are Trying to Make Workers Feel Safe
On Insurance Journal - May 5, 2020

Before the coronavirus outbreak, furniture deliveries at Sunnyland Outdoor Living meant two employees sitting side-by-side in a truck. Now, one will be driving the truck while the second follows in a car.

And when Sunnyland’s workers reach a customer’s home, “we’ll deliver outside — we won’t go inside people’s houses,” says Brad Schweig, the retailer’s vice president for operations.

More Other Claims News

April 15, 2020 - COVID-19 puts telemedicine in comp on fast track

April 10, 2020 - Trump suggests insurers should pay virus business interruption claims

March 11, 2020 - OSHA reminds employers COVID-19 is a recordable illness

March 2, 2020 - Oregon Resort Sued For $30M After Deaths of Skier, Snowboarder

February 28, 2020 - Comp pays more than group health for comparable injuries: NCCI

February 28, 2020 - New coronavirus cases in California spark fears of wider spread

Archives Other Claims News Archive

 
 

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