UK Business Interruption Test Case to Get Fast-Track Appeal at Supreme Court October 5, 2020 By Kirstin Ridley and Carolyn Cohn A test case brought by Britain’s markets regulator against some of the world’s biggest insurers will jump straight to the...
UK COVID-19 Insurance Dispute Could Be Heading to Supreme Court as Talks Falter October 1, 2020 By Kirstin Ridley and Carolyn Cohn Britain’s markets regulator said on Wednesday it had failed to strike a deal with major insurers over prompt payouts to...
Update: UK Regulator Files Expedited Appeal in Business Interruption Test Case September 29, 2020 By Huw Jones and Carolyn Cohn Britain’s financial regulator said on Tuesday it had filed for an expedited appeal in a business interruption test case against...
Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming September 25, 2020 By Carolyn Cohn Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to...
Insurers May Cut Allocations to Poorly Performing Hedge Fund Investment Sector September 24, 2020 By Maiya Keidan and Carolyn Cohn Having complained for years about hedge funds’ high fees and lackluster performance, insurance firms may be preparing to cut allocations...
UK Businesses Wait to See if Their Insurers Will Appeal COVID-19 Insurance Ruling September 16, 2020 By Kirstin Ridley and Carolyn Cohn LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him...
London Court Rules Some Insurers Should Not Have Denied Business Interruption Claims September 15, 2020 By Carolyn Cohn and Kirstin Ridley London judges have ruled that some of the world’s biggest insurers were wrong to reject tens of thousands of claims...
British Theatres, Concerts Say Shows Will Go on Only With Insurance Help September 8, 2020 By Carolyn Cohn and Barbara Lewis British theaters and live music venues say the show will only go on if the government provides a financial backstop,...
Middle East Insurers Likely to Absorb Bulk of Losses from Beirut Port Blast: Sources August 14, 2020 By Jonathan Saul and Carolyn Cohn Insurers in the Middle East are expected to absorb a large part of the losses from Beirut’s explosion last week...
Directors & Officers’ Insurance Rates Surge on Fears of Coronavirus Litigation August 11, 2020 By Carolyn Cohn Premiums for directors’ and officers’ liability insurance surged in the second quarter, broker Marsh said on Monday, as insurance underwriters...