Claims Journal
 
 
 

  Top 10 for the Past Week

 
 
 
 

1

Demotech Downgrades 3 Carriers in Florida; Regulators Outraged

Aug 4, 2022 -- Just two weeks after the Demotech financial rating firm set off a firestorm of controversy by warning that it could soon downgrade as many as 17 Florida property insurers – then promised to hold off... read more
 
 
 
 

2

Viewpoint: Jury Blasts Defense with a $464.5 Million Nuclear Verdict

Aug 1, 2022 -- Plaintiffs' California dreamin' became a reality when a Los Angeles jury went nuclear with a verdict of $464.6 million after an eight-week trial in June. The verdict included $24.6 million in... read more
 
 
 
 

3

Excess Insurer's Policyholder Had No Duty to Settle Suit that Resulted in $13M Verdict

Aug 5, 2022 -- An insurer cannot escape liability for its share of a $6 million payout because the retailer it insured refused to accept a settlement offer by a customer who who was struck by a forklift, a panel of... read more
 
 
 
 

4

Seven Years of Sex Abuse: How Mormon Officials Let it Happen

Aug 5, 2022 -- BISBEE, Ariz. (AP) -- MJ was a tiny, black-haired girl, just 5 years old, when her father admitted to his bishop that he was sexually abusing her. The father, a member of The Church of Jesus Christ of... read more
 
 
 
 

5

Viewpoint: Vehicle Need Not Be in Motion for Accident to Occur, Miss. Supreme Ct. Rules

Aug 2, 2022 -- The Mississippi Supreme Court ruled in April, on first impression, that an automobile did not need to be in motion for an "auto accident" to occur. In Mississippi Farm Bureau Casualty Insurance Co. v.... read more
 
 
 
 

6

Reinsurers Point to Climate Change as Insured Catastrophe Losses Surpass $30B for Half Year

Aug 3, 2022 -- An earthquake in Japan, flooding in Australia and winter storms in Europe were among catastrophes that caused more than $30 billion in insured losses during the first half of 2022, according to... read more
 
 
 
 

7

Ordinance-or-Law Endorsement Entitles Mall Owner to Roof Replacement, 8th Circuit Says

Jul 29, 2022 -- The ordinance-or-law endorsement in a commercial property policy may require Cincinnati Insurance Co. to pay $1.3 million to replace a roof that suffered only $23,000 in tornado damage. A panel of the... read more
 
 
 
 

8

10th Circuit Revives Races Discrimination Suit by Former Farmers Agent

Aug 4, 2022 -- A federal appellate court revived a former insurance agent's race discrimination claim against Farmers Insurance Exchange. A panel of the 10th Circuit Court of Appeals ruled Wednesday that the trial... read more
 
 
 
 

9

Record Amount of Seaweed Is Choking Shores in the Caribbean

Aug 4, 2022 -- SAN JUAN, Puerto Rico (AP) -- Near-record amounts of seaweed are smothering Caribbean coasts from Puerto Rico to Barbados, killing fish and other wildlife, choking tourism and releasing stinky, noxious... read more
 
 
 
 

10

More Rain in Flooded Areas, Curfews Imposed Due to Looting

Aug 2, 2022 -- FRANKFORT, Ky. (AP) -- Another round of storms hit disaster areas in eastern Kentucky Monday and the death toll rose to 30 as search and rescue operations continue in communities trying to recover from... read more
 
 
 
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