EU Cautions Against Rushing into Public-Private Pandemic Insurance Scheme June 9, 2021 The European Union’s executive body urged caution on Tuesday in the face of calls for a public-private scheme for insuring...
Plaintiffs Seek ISO Files on Virus Exclusion to Back Business Interruption Claims June 7, 2021 By Jim Sams Plaintiffs attorneys are looking deep into the weeds for evidence to support claims for business income lost because of COVID-19...
COVID Takes Big Bite from Multiline Insurers’ Earnings, in ‘Manageable’ Event: S&P May 28, 2021 By L.S. Howard The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit...
Insurers Seek to Find Ways to Make Pandemics Insurable May 10, 2021 By Carolyn Cohn LONDON – When much of the global economy locked down last year, insurers, facing estimated losses of more than $100...
U.S. Court Allows Movie Chain’s COVID Business Interruption Suit Against FM Global May 7, 2021 By Jim Sams A federal judge in Sherman, Texas on Wednesday ruled against insurer FM Global that sought to dismiss a $500 million...
CEO Swift Optimistic About The Hartford’s Position as Economic Recovery Begins April 23, 2021 By Mark Hollmer The Hartford CEO Christopher Swift expressed confidence that the property/casualty insurer has weathered the worst of the COVID-19 pandemic and...
AM Best Maintains Negative Outlook on UK Non-Life Insurance Market April 9, 2021 AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as...
London Market Insurers’ 2020 Profits Canceled by COVID-19 but Rates Are Rising April 1, 2021 Pandemic-related losses in 2020 were substantial for London market insurers and offset most underwriting and investment returns, according to a...
Some States Still Weigh Mandating Business Interruption Coverage March 16, 2021 By Andrew G. Simpson Since about a year ago when their business constituents began complaining that their insurance companies were telling them their policies...
Insurer Sanlam Braces for More Virus Waves in South Africa March 12, 2021 By Roxanne Henderson South Africa may still be short of the halfway mark of the pandemic even after two distinct waves of the...