Articles by Katherine Chiglinsk, Michael Sasso and Steven Church

Businesses Hurt First by Coronavirus Then by Looting Have New Insurance Questions

Al’s, a sporting-goods store tucked in Wilmington, Delaware’s small shopping district, opened during the Great Depression, weathered World War II and has been able to keep workers on the job during the coronavirus pandemic. But this past weekend delivered a …

PG&E’s $1.4B in Wildfire Insurance May Not Be Enough, But Was ‘Regular Amount’

PG&E Corp.’s $1.4 billion in wildfire insurance may not be enough to cover all its potential liabilities from the deadliest blaze in California history. But the company wasn’t necessarily skimping on coverage. That level of coverage is a “regular amount” …

New Cyber Insurance Package Protects Hedge Funds’ Trade Secrets and Fees

Hedge funds can spend years crafting a trading algorithm or a strategy to keep ahead of competitors. A Stone Point Capital-backed insurance broker is offering to help protect those trade secrets, and their fees, from a cyber attack. Alliant Insurance …

Insurers Seen ‘Easily’ Handling Hermine Losses

Hurricane Hermine, which is poised to land in Florida Friday, may result in “manageable” losses for the insurance industry, according to Keefe Bruyette & Woods analyst Meyer Shields. The storm is forecast to hit northwest Florida, a region of the …

U.S. Says Judge Nixing MetLife Too-Big-to-Fail Tag ‘Profoundly Mistaken’

The U.S. properly labeled MetLife Inc. as “too big to fail,” the government said, arguing to overturn a ruling that dealt a major blow to efforts to rein in risk in the financial system. A federal judge “was profoundly mistaken” …

Lloyd’s: Cities Hurt More by Market Crashes Than Natural Disasters

A stock-market crash could erase as much as $170.3 billion from major cities’ gross domestic product in the U.S. and Canada and is the biggest threat to their economies, Lloyd’s of London said. The losses, which represent about 2 percent …