April 2, 2021

Payouts

Venezuela limits COVID-19 insurance payouts as cases rise

Bloomberg

WHO Origin Hunters Push Back as Report Assailed On All Sides

(Bloomberg) — Nearly three dozen scientists vetted by the World Health Organization and the Chinese government gathered in Wuhan, China, early this winter to start the arduous task of finding the origins of Covid-19 and determining how it spread like wildfire around the world.Six weeks after that trip, the working group this week delivered an analysis that laid out four possible scenarios and recommended next steps for digging deeper to find the pandemic’s genesis. The 123-page report, and a nearly 200-page supplement, was immediately engulfed by criticism, with

Read More

Filing an Insurance Claim for Texas Storm Damage? Payouts Hinge on Policy Details

When the snow and ice melt, many Texans will file insurance claims for the damage. Some will be annoyed that they get nothing for a freezer-full of spoiled meat, while others will be pleasantly surprised at how easy it is to get money to fix a wrecked car.

The unusual winter storm in the big state is giving many insurers opportunity to test new mobile-based technology that has proliferated over the past year for more quickly settling claims for car wrecks, insurance-industry executives said.

But the massive storm also will highlight variations in basic homeowners policies that some consumer activists

Read More