Cruise Ship Passengers Seeking COVID-19 Class Action Suits Face Uphill Legal Battle April 29, 2020 By K. Oanh Ha After two passengers on their luxury cruise tested positive for Covid-19 in March, Emilio and Barbara Hernandez were so frantic...
PERILS Releases Industry Exposure Database 2020, Now Including Australia Motor April 28, 2020 PERILS AG, the independent Zurich-based company that provides industry-wide catastrophe insurance data, has released its Industry Exposure Database 2020. The...
Marsh JLT Specialty Expands Renewable Energy Team in UK, U.S., and Asia April 28, 2020 Insurance broker Marsh announced key leadership appointments within Marsh JLT Specialty’s Renewable Energy team. Oliver Holme has joined Marsh in...
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...
Floods Hit Canada’s Oil Sands Hub in Fort McMurray, Forcing Some Evacuations April 28, 2020 Floods have forced mandatory evacuations in parts of Fort McMurray, the hub for Canada’s oil sands industry, even as the...
AXA XL Launches Virtual Risk Assessment Service Called ‘Remote Risk Dialogue’ April 28, 2020 AXA XL Risk Consulting has launched a new risk assessment service, Remote Risk Dialogue, to continue evaluating loss prevention across...
German Economy Relies on Rhine River – But Levels Are Low Without April Rainfall April 28, 2020 By William Wilkes and Brian Parkin Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key...
AXIS Capital Estimates $235 Million of Coronavirus-Related Claims During First Quarter April 27, 2020 AXIS Capital Holdings Ltd. announced an estimated net claims provision of $300 million, pre-tax, for the first quarter related to...
Aon Executives, 70% of Employees Taking Pay Cuts Amid Coronavirus Uncertainties April 27, 2020 By L.S. Howard Aon announced it will temporarily cut the pay by 50% of the company’s named executive officers in response to the...
UK Insurers Urged by Treasury Committee to Pay Coronavirus Claims April 27, 2020 By Benjamin Robertson Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK...