Reuters: Banks Cite Liability Risks, May Not Participate in Coronavirus Lending Plan April 2, 2020 By Pete Schroeder and David Henry Thousands of U.S. banks, including some of the country’s largest lenders, have said they may not participate in the federal...
How Social Inflation May Affect Coronavirus Business Interruption Losses April 2, 2020 COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue...
Life-or-Death Decisions by Hospitals, Doctors Come With Threat of Lawsuits April 2, 2020 By Erik Larson Doctors and hospitals overwhelmed in the pandemic will have to make their excruciating life-or-death decisions meticulously or they risk being...
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...
Next Insurance Cuts April Premium by 25% to Help Small Firms in Coronavirus Crisis April 1, 2020 An insurtech small business insurer is cutting April premiums by 25% for its customers with general liability, professional liability and...
China Re Is Weighing Establishing U.S. Operation: Reuters April 1, 2020 BEIJING, April 1 (Reuters) – China Reinsurance Group Corp said on Wednesday it will carefully consider its plan to set...
For Workers’ Safety, Walmart Stocks Up on Masks, Gloves; Initiates One-Way Aisles April 1, 2020 Walmart Inc. will provide masks and gloves for its workers and take their temperature before shifts, the latest moves by...
Coronavirus Relief Loans Will Be Available for Small Businesses Friday April 1, 2020 By David Lawder The United States’ new $350 billion small-business coronavirus rescue loan program could see millions of applications when it launches on...
Chemours Claims Against DuPont Over Environmental Liabilities Left to Arbitration April 1, 2020 By Randall Chase A Delaware judge has granted the DuPont Co.’s request to dismiss a lawsuit alleging that it massively downplayed the cost...
Marriott Reports Data Breach Affecting 5.2 Million Hotel Guests March 31, 2020 Marriott International Inc. said on Tuesday information of about 5.2 million hotel guests was breached, the second such incident for...