Business, Insurers Face Survival Showdowns Over Pandemic Coverage August 18, 2020 By Emma Rumney and Noor Zainab Hussain PILANESBERG NATIONAL PARK, South Africa— Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...
Insurers Are Creating Products for World Where Pandemics Could Become New Norm July 10, 2020 By Noor Zainab Hussain Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left...
More Americans Traveling Abroad Won’t Leave Home Without Insurance June 4, 2020 By Noor Zainab Hussain In the new reality of COVID-19, some Americans may still be willing to travel abroad – but they’re going to...
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings May 13, 2020 By Carolyn Cohn, Simon Jessop and Noor Zainab Hussain Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian...
AIG Takes Hit from Coronavirus in Q1; Sees Industry’s ‘Biggest CAT Loss Ever’ Ahead May 5, 2020 By Suzanne Barlyn, Noor Zainab Hussain and Bharath ManjeshR Insurer American International Group Inc. on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money...
Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions April 28, 2020 By Carolyn Cohn, Suzanne Barlyn and Noor Zainab Hussain Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000...
Travelers Sees Q1 Profit Fall From Storms; It’s Watching COVID-19 Workers’ Comp Claims April 21, 2020 By Suzanne Barlyn and Noor Zainab Hussain Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential...
Insurers Worry About D&O Claims Against Executives From Coronavirus April 2, 2020 By Noor Zainab Hussain and Carolyn Cohn Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the...
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...