Courts Allows Shareholder Class Action Against Goldman Sachs Tied to 2008 Crisis April 13, 2020 By Jonathan Stempel Goldman Sachs Group Inc. must face a shareholder class action accusing the bank of hiding conflicts of interest, including behind-the-scenes...
Railroads Resist Oil Companies’ Demands for Storage in Rail Cars Citing Safety Concerns April 13, 2020 By Devika Krishna Kumar and Laura Sanicola Railroads are clamping down on rising demand from oil companies to store crude in rail cars due to safety concerns,...
How P/C Insurance Industry Can Maximize Its Response to Coronavirus: Crisis Manager April 13, 2020 By Andrew G. Simpson “I’m shocked, just shocked that you’re suggesting that during a crisis that insurance companies might in fact be considered the...
Auto Insurers Offering $8-$10B in Discounts in Coronavirus Relief Effort; Updated List April 13, 2020 By Andrew G. Simpson The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus...
Quote Requests to Insurance Agencies Down 30% Since Coronavirus Shutdowns April 13, 2020 By Stephanie K. Jones While consumers may have more time to consider their insurance needs during this period of stay at home orders and...
Eli Lilly Begins Clinical Trial for COVID-19 Therapies April 12, 2020 Eli Lilly and Co. reports it has begun clinical trials for testing therapies for COVID-19. The drug company said it...
Anticipated Coronavirus Claims Scenarios Across Major Coverage Lines: Viewpoint April 9, 2020 As the COVID-19 pandemic has progressed over the past several months, participants in the insurance industry have recognized the likelihood...
Lessons on Trade-Offs From the 1918 Influenza Pandemic: Viewpoint April 9, 2020 By John Kemp LONDON — Lockdowns have brought most of the world’s advanced economies to a near standstill as policymakers fight the coronavirus...
Amazon Tests Hospital Workplace Safety Idea With Disinfectant Fog at Warehouse April 9, 2020 By Jeffrey Dastin Amazon.com Inc. is testing the use of disinfectant fog at a warehouse in Staten Island, New York starting on Tuesday,...
Progressive, Travelers, USAA Latest to Offer Insureds Discounts, Other Accommodations April 9, 2020 By Andrew G. Simpson More insurers are coming forward every day with discounts, extended coverage and relaxed payment terms for insureds affected by shelter-in-place...