Fed Leaders Say Economy Needs More Federal Help and More People Wearing Masks August 4, 2020 By Ann Saphir and Lindsay Dunsmuir The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households...
Venture Programs Taps GuideOne’s Peterson to Lead New Nonprofit Insurance Program August 4, 2020 Venture Insurance Programs, a national insurance program administrator, has launched Community Care, a new insurance program for community and social...
Lloyd’s Promotes Spyropoulos to CEO, Lloyd’s Asia, and Country Manager, Singapore August 4, 2020 Lloyd’s, the specialist insurance and reinsurance market, announced it has promoted Pavlos Spyropoulos to CEO of Lloyd’s Asia and country...
Aon’s Reinsurance Solutions Taps Turner from AXA XL to Lead UK Property Team August 4, 2020 The Reinsurance Solutions business of Aon plc has appointed Catherine Turner as head of UK Property, and co-leader with Richard...
Aviation Sector Carries Biggest Risk of Corporate Default from Pandemic: Gallagher August 4, 2020 The aviation sector carries the biggest risk of corporate default as a result of the coronavirus pandemic, according to a...
UK Regulator Warns Insurers to Fairly Calculate COVID-Related Biz Interruption Claims August 4, 2020 Insurers that do not treat customers fairly when calculating payouts for business interruption due to the coronavirus crisis will face...
EXOR and Covéa ‘Normalize’ Relations After Failed PartnerRe Deal August 4, 2020 Italy’s EXOR said on Monday that French insurer Covéa had agreed to invest a total of 1.5 billion euros ($1.8...
Nebraska Lawmakers Reject Bid for More Safety Restrictions at Meatpacking Plants August 4, 2020 By Grant Schulte Nebraska’s meatpacking plants won’t have to worry about any new safety restrictions this year, despite outbreaks of the coronavirus among...
Manhattan District Attorney Says Trump Probe Includes Alleged Insurance, Bank Fraud August 4, 2020 By Karen Freifeld Manhattan’s district attorney on Monday suggested a grand jury subpoena for U.S. President Donald Trump’s tax returns was part of...
AIG Q2 Profit Falls on Higher Catastrophe Losses, Lower Private-Equity Returns August 4, 2020 By Suzanne Barlyn Insurer American International Group Inc. on Monday posted a 56% fall in quarterly adjusted earnings, spurred partly by higher catastrophe...