Non-Life Insurance Claims from Pandemic to Surpass 9/11 Claims: Willis Towers Watson May 1, 2020 Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes...
CEO Musk Replaces Tesla’s D&O Policy with ‘Personal Coverage’ May 1, 2020 By Andrew G. Simpson Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company’s...
States Under Pressure to Lift Coronavirus Restrictions as Unemployment Grows May 1, 2020 By Doina Chiacu and Maria Caspani As White House economic reopening guidance expired on Thursday after two weeks in place, half of all U.S. states forged...
Trump Administration Defends Workplace Safety Record During Coronavirus Crisis May 1, 2020 By Daniel Wiessner and Tom Hals U.S. Labor Secretary Eugene Scalia on Thursday defended his department’s handling of workplace safety during the coronavirus pandemic, saying “the...
Nationwide’s Left the Building. Insurer Makes Remote Work Permanent in 5 States. April 30, 2020 Nationwide said it plans to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate...
How Cruise Ticket Legal Language May Foil Class Action Suits April 30, 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...
Markel Estimates COVID-19 Losses of $325 Million April 30, 2020 By Susanne Sclafane Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure...
Court Nixes $64M Award Against Fireman’s Fund in Reinsurance Spat with Utica Mutual April 30, 2020 By Jim Sams A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly...
After Crisis, It Won’t Be Business as Usual – It Will Be Business Done Better: Opinion April 30, 2020 By Rupin Mago As the insurance industry begins to settle into the new norm of working from home (WFH), most companies will be...
Most Firms Have Some Cyber Insurance But Gaps in Coverage Remain: Survey April 30, 2020 The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable...