Canadian Insurers Hit with Lawsuit on Refusal to Pay COVID-19 Biz Income Claims April 6, 2020 By L.S. Howard A class action lawsuit has been filed against Canada’s top indemnity insurers for breach of contract in their refusal to...
Allstate to Forgive 15% of Monthly Auto Premiums, Provide Free ID Theft Coverage April 6, 2020 Insurance carriers are continuing to step forward with offers of help for customers and communities affected by the coronavirus crisis....
Chubb Vows No Layoffs During Coronavirus Crisis; Pledges $10 Million to Relief Efforts April 6, 2020 Global insurer Chubb announced that it will not conduct any layoffs among its 33,000 employees while in the midst of...
Insurers Say Forced Payouts for Excluded Virus Losses Risk Destabilizing Industry April 6, 2020 By Simon Jessop World insurers told governments on Monday that making them pay out on losses suffered due to the coronavirus that were...
Thai Insurer’s Coronavirus Cover Draws ‘Overwhelming’ Demand April 6, 2020 By Anuchit Nguyen The founder of one of the world’s best-performing insurance firms this year never imagined its policies to cover illness from...
Fitch Places Lloyd’s of London’s on Rating Watch Negative on COVID-19 Crisis April 3, 2020 Fitch Ratings has placed Lloyd’s of London’s ‘AA-‘ Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty...
Florida Governor Issues Stay at Home Order; Insurance Deemed Essential Business April 2, 2020 Florida Governor Ron DeSantis issued a statewide executive order Wednesday requiring all citizens in the state to stay at home...
How Social Inflation May Affect Coronavirus Business Interruption Losses April 2, 2020 COVID-19 could produce a big increase in social inflation, according to A.M. Best. The reason: expectations that businesses will sue...
Life-or-Death Decisions by Hospitals, Doctors Come With Threat of Lawsuits April 2, 2020 By Erik Larson Doctors and hospitals overwhelmed in the pandemic will have to make their excruciating life-or-death decisions meticulously or they risk being...
Aon Enhances Reinsurer E-Trading Portal to Support Remote Working During Pandemic April 2, 2020 Aon plc, the global re/insurance broker, has enhanced its reinsurer trading portal, ABConnect Placements, to electronically bind treaty placements with...