Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations March 3, 2020 By Noor Zainab Hussain and Carolyn Cohn Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies...
Fitch Sees Only ‘Modest Impact’ on U.S. P/C Insurance from Coronavirus March 3, 2020 The coronavirus (COVID-19) outbreak is not currently anticipated to have a meaningful adverse impact on financial results reported by U.S....
Homes in Flood Plains May Be Overvalued by $34 Billion March 3, 2020 By Eric Roston At least 3.8 million U.S. homes lie in flood plains. Together, they may be overvalued by $34 billion. New research...
Arthur J. Gallagher Acquires New York’s CMS March 3, 2020 Arthur J. Gallagher & Co. has acquired Melville, N.Y.-based CMS LLC. Terms of the transaction were not disclosed. Founded in...
Walsh Duffield Announces Partnership with New York’s OSEA March 3, 2020 Walsh Duffield, a fifth-generation, family owned insurance company, has partnered with OSEA Inc., a 30-year-old environmental, health, safety and security...
New York Insurers Required to Waive Cost-Sharing for Coronavirus Testing March 3, 2020 The New York State Department of Financial Services is requiring New York health insurers to waive cost sharing associated with...
AIR Worldwide Uses Pandemic Model to Determine Countries at Highest Risk March 3, 2020 AIR Worldwide published an evaluation of potential coronavirus disease 2019 (COVID-19) cases in other countries, using its pandemic model to...
Coronavirus May Force Companies to Rethink Global Supply Chains: OECD Economist March 3, 2020 By William Horobin The upheaval from the coronavirus outbreak may be the final jolt that the world’s biggest companies need to reevaluate how...
UK Financial Services Could Fare Less Well in U.S. Trade Deal than Energy, Cars March 3, 2020 By Huw Jones Britain’s financial services industry could fare less well than energy, autos and other sectors under a free trade deal with...
Update: Swiss Re Plans to Make UBS CEO Ermotti Its Chairman in 2021 March 3, 2020 By Rob Cox and Oliver Hirt Swiss Re plans to make UBS Group Chief Executive Sergio Ermotti its chairman from next year, the world’s second-biggest reinsurer...