Judge Clears Way for Shareholder Suit Against Tesla, Musk Over Going-Private Tweet April 16, 2020 By Jonathan Stempel A federal judge said Tesla Inc. and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when...
Harvard Professor Drops ‘Clickbait’ Lawsuit After NYT Alters Story April 16, 2020 A Harvard University law professor dropped his defamation lawsuit against The New York Times on Monday after the newspaper changed...
AIR Worldwide Launches Free COVID-19 Catastrophe Modeling Tool April 16, 2020 AIR Worldwide has launched a free COVID-19 catastrophe modeling tool, one that predicts cases and offers death projections for the...
Alera Group Acquires Maryland’s Georgetown Insurance Service April 16, 2020 Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, has acquired Georgetown Insurance Service...
Arch Capital’s Estimated COVID-19 Losses During 1st Quarter Could Hit $145 Million April 16, 2020 Arch Capital Group Ltd. said its estimated pre-tax losses for claims incurred due to the COVID-19 pandemic could reach $145...
New York Taps McKinsey to Develop ‘Trump-Proof’ Economic Reopening Plan April 16, 2020 By Jarrett Renshaw New York Governor Andrew Cuomo has hired high-powered consultants to develop a science-based plan for the safe economic reopening of...
UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods April 16, 2020 By Huw Jones and David Milliken Britain’s banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a...
Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms April 16, 2020 By Tasos Vossos A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor...
Beazley Appoints Greenwood as Head of Cyber & Executive Risk, Succeeding Donovan April 16, 2020 Specialist insurer Beazley has appointed Bethany Greenwood as global head of cyber & executive risk (CyEx) from July 2020. She...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S. April 16, 2020 Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken...