Germany Extends $37B Backstop for Credit Insurers to Keep Pandemic Trade Flowing December 4, 2020 Germany agreed to extend a backstop for commercial credit insurers by six months to keep trade flowing and prevent bankruptcies...
An Emerging Risk of COVID-19 Pandemic: Rusty Pilots Making Flying Errors December 1, 2020 By Harry Suhartono and Anurag Kotoky On Sept. 15, an Indonesian flight carrying 307 passengers and 11 crew to the northern city of Medan momentarily veered...
Europeans Buy Older Cars to Avoid Public Transport During Pandemic November 30, 2020 By Nick Carey and Inti Landauro LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport?...
Pace of Broker Acquisitions Picks Up in 2nd Half, After COVID-Linked Lull in Q2 November 19, 2020 By L.S. Howard Insurance brokers have stepped up their acquisition pace in the second half of 2020 after a pause in the second...
Norwegian Cruise Ship Operator SeaDream Cancels All Sailings After Virus Outbreak November 18, 2020 By Nora Buli Norwegian-owned cruise ship operator SeaDream Yacht Club has canceled all sailing for the remainder of 2020 after positive COVID-19 test...
Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020 November 17, 2020 The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in...
More Companies Turn to Captives as Rates Rise, Terms & Conditions Tighten October 26, 2020 By Carolyn Cohn Fed up with rising prices and more stringent terms and conditions for their insurance policies as a result of the...
How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More October 7, 2020 The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims...
The New Digital Normal and the Future of Work in Reinsurance October 6, 2020 By L.S. Howard It’s been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry’s successful...
UK Businesses Wait to See if Their Insurers Will Appeal COVID-19 Insurance Ruling September 16, 2020 By Kirstin Ridley and Carolyn Cohn LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him...