Houston Rockets Becomes First NBA Team to Sue Insurer Over Denied Covid-19 Claims July 16, 2020 By Jef Feeley and Katherine Chiglinsky The Houston Rockets and billionaire owner Tilman Fertitta are suing their insurer for denying the National Basketball Association team’s bid...
Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz July 16, 2020 Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%,...
Coordinated Twitter Hacking Raises Concerns About Platform’s Security July 16, 2020 By Joseph Menn and Raphael Satter The extraordinary hacking spree that hit Twitter on Wednesday, leading it to briefly muzzle some of its most widely followed...
European Union Court Invalidates Special Data Privacy Shield Granted U.S. Firms July 16, 2020 By Foo Yun Chee and Marine Strauss LUXEMBOURG – Europe’s highest court ruled on Thursday that a transatlantic data transfer deal is invalid because of concerns about...
Guy Carpenter Launches Hybrid Solutions UK with Willis Towers Watson’s Upton at Helm July 16, 2020 Reinsurance broker Guy Carpenter & Co. announced the launch of Hybrid Solutions UK, a division of GC Fac, and the...
Swiss Insurers Oppose Tighter Immigration Rules, Says Swiss Re CEO in News Report July 16, 2020 Switzerland’s insurance industry is against tightening the country’s immigration rules, a move that will be put to voters this year,...
Suspension of Florida Lawyer Accused of Causing ‘Great Public Harm’ Justified: Judge July 16, 2020 By Amy O'Connor A Florida judge has recommended the Florida Supreme Court deny the motion to dissolve the suspension of a Florida attorney...
S. African Regulator Says Business Interruption Virus Claims Don’t Pose Systemic Risk July 16, 2020 By Roxanne Henderson South Africa’s Prudential Authority expects that business-interruption claims linked to the Covid-19 pandemic poses little systemic risk to the insurance...
Reinsurance Capital Dips 6%, Tightening of Capacity Accelerates: Aon July 16, 2020 By Susanne Sclafane Global reinsurance capital fell 6% to $590 billion for the first quarter of 2020, Aon reported in its June/July Reinsurance...
North Carolina Supreme Court Blocks Order Allowing Bowling Alleys to Reopen July 16, 2020 North Carolina’s highest court has temporarily blocked a judge’s ruling that allowed dozens of North Carolina’s bowling alleys to reopen...