Physical Damage News

Legislation to Force Insurers to Pay COVID-19 Claims Stalls as Virus Rages

California legislation that would have forced insurers to pay more coronavirus business-interruption claims was put on hold last week when state lawmakers decided not to return from their summer recess because of a resurgence of the disease. Assembly Bill 1552 …

Subrogating Rental Car Company Physical Damage and Loss-of-Use Claims

Automobile rentals is a $29 billion industry and constitutes a significant portion of the transport sector in America. In 2018, there were 2,212,925 rental vehicles on U.S roads. There are six million auto accidents in the U.S. every year, and …

Native American Casino Owner Sues Lloyd’s, AIG Over Coronavirus Losses

A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are covered by insurance. Among the defendants named in …

Virus Threatens to Unleash Lawsuits Against Global Business

The coronavirus has upended markets, disrupted supply chains and forced quarantines. It’s all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face claims that they didn’t take adequate steps to protect people. Shareholders can …

Claim Concepts & Solutions – CC&S is pleased to announce the formation of its sister company Recovery Concepts & Solutions, LLC – RC&S, providing Expert Subrogation & Tort Recovery

CC&S is a premier national auditing group providing specialized audits to the risk industry including, best practices, reserve adequacy, inventory evaluations, claim file audits and inventory reduction concepts and methodologies. In line with CC&S depth and focus, RC&S combines seasoned, …