Department Store Blames Insurers As It Files Bankruptcy and Shuts Down September 10, 2020 By Jeremy Hill Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming...
COVID-19 Cast as a Catalyst for Change. Now What? September 9, 2020 By Caribou Honig Look around the corner, what do you see? Answering that question is the most important part of my job as...
Coronavirus Erodes Countries’ Economic Resilience; Global Insurance Gaps Widen August 26, 2020 The COVID-19 pandemic is expected to reduce global macroeconomic resilience by about 20% in 2020 from 2019 levels as stimulus...
Pandemic Hits Insurer AIA Group’s New Business in Hong Kong, China August 20, 2020 Hong Kong-based insurer AIA Group Ltd. on Thursday reported a 37% fall in new business for the first half of...
Constructing a Post-Pandemic Construction Market August 19, 2020 By Andrea Wells The construction industry may emerge from the pandemic strong or relatively unscathed compared to other segments of the economy. But...
Pandemic Boosted Personal Auto Insurers’ Profits in the Short-Term August 17, 2020 As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced...
Global Insurance M&A Surges in 1st Half but Lull Likely in H2 on COVID Uncertainties August 17, 2020 Mergers and acquisitions (M&A) in the global insurance industry rose in the first half of 2020 with 201 completed deals...
Analysis: Megacities Face Great Upheavals as They Seek to Cut Virus Transmission August 13, 2020 By John Kemp, Reuters Columnist Like all pandemics, COVID-19 is not an accidental or random event, Frank Snowden argues in his magisterial history “Epidemics and...
Australia Detains Cargo Ships for Alleged Labor Violations Related to COVID Lockdowns August 12, 2020 By Aaron Clark, Krystal Chia and Jinshan Hong Australian authorities detained at least two cargo ships for alleged labor violations related to demands from seafarers to be sent...
Companies Risk Losing More Than 40% of Annual Profit on Supply Chain Shocks: McKinsey August 11, 2020 By Brendan Murray Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber...