UK, U.S. Banks and Regulators Warn of Wave of Coronavirus Scams March 25, 2020 By Lawrence White and Sinead Cruise UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with...
Olympics’ Postponement Likely to Cost Insurers Much Less than Cancellation March 25, 2020 By Carolyn Cohn and Noor Zainab Hussain Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that...
Western Supply Chains Begin to Buckle on Expanding Coronavirus Lockdowns March 23, 2020 By Jonathan Saul, Sonya Dowsett and Lisa Baertlein Freight carriers are struggling to deliver goods by land, sea or air as the coronavirus pandemic forces Western governments to...
Coronavirus Outbreak Exposes Flaws in Design of Pandemic Bonds March 23, 2020 By Maria Cheng To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation...
Wedding Insurance Excludes Pandemics, and Couples Find They Have No Cover March 23, 2020 By Hailey Waller Weddings are happy events, now hard to find in the age of the coronavirus. They’re being canceled, which means lost...
Growing Exodus of Workers from City of London Cripples Small Businesses March 19, 2020 By Neil Callanan, Greg Ritchie and Anooja Debnath At lunch hour, James Leahy’s Burrito Joe stall in the City of London’s financial district is usually buzzing as people...
Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis March 19, 2020 By L.S. Howard After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its...
EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog March 18, 2020 Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the...
Lloyd’s Asks Market Insurers to Provide Estimates for Coronavirus Losses March 18, 2020 Lloyd’s of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus,...
EU Regulators Ask Firms to Delay M&A Antitrust Filings Due to Coronavirus March 17, 2020 By Pamela Barbaglia European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the...