EU Urged to Create Insurance Catastrophe Backstop for Pandemics, Huge Cyber Attacks May 26, 2020 A European Union framework is needed to provide insurance cover for catastrophes such as pandemics and huge cyber attacks, the...
Willis Towers Watson Launches Customized Cyber Insurance for Shipowners May 26, 2020 Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The...
Canopius Appoints AXA XL’s Elliott as APAC Casualty Underwriter May 26, 2020 Canopius announced the appointment of Craig Elliott as casualty underwriter for the region, effective May 4, 2020. He reports to...
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...