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...
Earthquake Confirmed in Remote Area of Western Nevada May 22, 2020 An earthquake of preliminary magnitude 5.0 shook a remote area of western Nevada Wednesday morning where a stronger temblor occurred...
New Mexico Hospital Paying to Settle Retaliation Claim May 22, 2020 The U.S. Equal Employment Opportunity Commission said a northern New Mexico hospital will pay $98,000 to settle a discrimination and...
Pacific Hurricane Forecast Complicated by Coronavirus May 22, 2020 By Caleb Jones The Central Pacific basin including Hawaii should expect to see between two and six tropical storms or hurricanes this year,...
Not All Homes in Wildfire Zones Are Uninsurable. Here’s How Insurers Can Tell. May 22, 2020 By Jim Sams Fire-risk scores now used by insurance underwriters can sometimes can make it challenging for homeowners to find coverage. Zesty.ai, a...
Insurers, Agents Propose Pandemic Business Relief Plan; Plaintiffs Offer BIG Compromise May 22, 2020 Key segments of the property/casualty insurance industry, which is facing mounting claims for business interruption losses from the pandemic, have...
Maryland P/C Insurance Consumers to Receive More Than $250M in Premium Relief May 22, 2020 Maryland property and casualty insurance consumers will receive more than $250 million in premium relief during the COVID-19 State of...
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...