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Travelers, Insured Law Firm Spar Over Civil Authority Business Income Loss Claim

Travelers Cos. has gone to federal court in California seeking a declaratory judgment that it is not obligated to pay any business income losses of a law firm it has insured under two business owner policies. Its law firm insured, …

Swiss Re Corporate Solutions Appoints Grass as CFO, Succeeding Mueller

Swiss Re Corporate Solutions appoints Matthias Grass as chief financial officer, where he will be responsible for ensuring the Swiss Re business unit achieves its financial targets and implements its strategy. He will oversee a team of around 200 finance …

Beazley Gets Approval to Launch Malaysia Company to Build Asia Pacific Distribution

Specialist insurer Beazley has extended its distribution capabilities in Asia Pacific following the authorization by the Labuan financial regulator of a new service company. The new company, Beazley Labuan Ltd., will support Beazley in building its presence in the Malaysian …

UniCredit Hackers Try to Sell Employee Data on Cyber-Crime Forums

Data on about 3,000 UniCredit SpA employees was put up for sale on cyber-crime forums after a hacking attack. The data went on sale on April 19 and contained what the hacker said was information on UniCredit workers, including emails, …

Ferrari Provides Coronavirus Tests so Employees Can Return to Work

Workers at Ferrari are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production. Under its …

Danish Insurer Tryg Expects Wave of Travel Claims as Customers Cancel Holidays

Danish insurer Tryg expects to be hit by a wave of travel insurance claims as customers cancel their summer holidays due to travel restrictions imposed to tackle the coronavirus pandemic, it said on Tuesday. Denmark’s biggest insurance company said it …

UK Insurance Industry Leaders Form Steering Group to Propose Pandemic Response, Chaired by Catlin

UK Insurance industry leaders have combined to form a steering group, which will work with terrorism reinsurer Pool Re, with the primary objective to ensure that, working alongside the industry to support customers and communities in the current crisis, the …

4 Tyson Foods Poultry Workers in Georgia Die of Coronavirus

Four employees of a major poultry producer’s operations in rural southwest Georgia have died after becoming infected with the coronavirus, a company spokesman said Friday. Tyson Foods spokesman Gary Mickelson said three of the employees worked at the company’s chicken …

South Carolina: Hurricane Response Plan a ‘Good Question’ Amid Virus Outbreak

With hurricane season less than two months away, officials in South Carolina said they don’t yet have a good plan in place if a storm hits during the coronavirus outbreak, particularly for people potentially displaced from their homes in the …

On the Front Lines: Georgia Insurance Commissioner Deployed by National Guard

Georgia Insurance Commissioner John F. King has been on the front lines during times of crisis for the United States for most of his career. A former Georgia police chief and current Major General in the U.S. Army National Guard, …

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