Update: AXA to Pay Business Interruption Claims to Restaurants After Court Ruling May 26, 2020 By Maya Nikolaeva and Sudip Kar-Gupta A Paris court ruled last week that AXA should pay a restaurant owner two months of revenue losses caused by...
BHSI Expands Defense Base Act Coverage into Dubai May 26, 2020 Berkshire Hathaway Specialty Insurance (BHSI) is now offering Defense Base Act (DBA) insurance on a global basis through its DBA-dedicated...
French Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses; AXA Vows to Appeal May 22, 2020 By Elizabeth Pineau and Maya Nikolaeva A Paris court ruled that insurer AXA must pay a restaurant owner two months’ worth of coronavirus-related revenue losses, the...
Coalition Launches Cyber Insurance and Security Coverage in Canada May 22, 2020 Coalition, the cyber insurance and security managing general agent, announced it is offering its products and services to Canada-based businesses....
AIR Worldwide Estimates Global COVID-19 Deaths Could Reach 644,000 During June May 22, 2020 The number of COVID-19 cases globally over the next four weeks may reach 50 million total cases, with 644,000 estimated...
Australia Clamps Down on Litigation Funders Following Surge in Class Action Lawsuits May 22, 2020 The Australian government is tightening regulatory scrutiny of wealthy litigation funders, clamping down on the industry following a surge in...
Update: Airbus A320 Jet Crashes in Pakistan with 99 People on Board May 22, 2020 By Faseeh Mangi, Anurag Kotoky and Ismail Dilawar A Pakistan International Airlines Corp. flight with 99 people on board crashed into a residential neighborhood of Karachi after the...
Brazil Reinsurer IRB Eyes Purchase of Foreign Competitors’ Portfolios: Sources May 22, 2020 By Aluísio Alves Brazilian reinsurer IRB Brasil Resseguros SA is in advanced negotiations to buy rivals’ portfolios in Brazil and elsewhere in Latin...
Update: Generali 1st Quarter Net Profit Plunges 84.8% on COVID-19 Investment Hit May 21, 2020 By L.S. Howard Generali’s first quarter net profit plunged 84.8% to €113 million (US$124 million) from €744 million (US$815.5 million) reported in Q1...
When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal May 21, 2020 By Lawrence White, Carolyn Cohn and Pamela Barbaglia Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing...