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...
Generali Confident of Rebuffing Takeovers Thanks to Strong Capital, Financial Position April 27, 2020 Italy’s top insurer, Assicurazioni Generali, said on Saturday it was confident of being able to rebuff a potential takeover bid,...
UK Insurers Expected to Pay $1.5B in Coronavirus Claims: Association of British Insurers April 27, 2020 By Sid Verma British insurers are on the hook for more than 1.2 billion pounds ($1.5 billion) in claims from businesses and individuals...
French Court Keeps Limits in Place for Amazon Deliveries, in Victory for Its Workers April 24, 2020 By Mathieu Rosemain and Sarah White A French court on Friday rejected Amazon‘s appeal against a ruling that restricts what it can deliver during the coronavirus...