UK Insurers, Banks Are Weathering Effects on Capital of COVID-19 Crisis: BoE’s Woods April 16, 2020 By Huw Jones and David Milliken Britain’s banks have enough funds to keep lending to the economy even under the deep recession scenario outlined by a...
Pandemic Bonds Get Stay of Execution but Prospect of Wipeout Looms April 16, 2020 By Tasos Vossos A ruling last week not to wipe out holders of a World Bank financial instrument providing emergency funds to poor...
Hiscox Says Its Business Interruption Exposure Is Limited in Europe, U.S. April 16, 2020 Hiscox’s core policy wordings do not provide cover for business interruption as a result of the general lockdown measures taken...
Florida to Aggressively Test Nursing Home Patients, Staff April 16, 2020 By Bobby Caina Calvan and Terry Spencer Florida Gov. Ron DeSantis said Monday the state will more aggressively inspect nursing homes to detect patients and staff who...
Why Leaders Need to Resist Rewriting Insurance Contract Language April 16, 2020 By Gregory V. Serio Soon after the attacks on the World Trade Center and other locations on the morning of September 11th, President Bush...
Texas Urges Insurers to Work with Commercial Customers on Premium Adjustments April 15, 2020 The Texas Department of Insurance has issued a bulletin to insurers to urging them to work with commercial policyholders that...
Despite Insurance Industry Concerns, More States Introduce COVID-19 BI Bills April 15, 2020 By Elizabeth Blosfield New Jersey was the first state to propose a bill that would mandate insurers cover COVID-19-related losses under their business...
MAPFRE Launches Staying Home Refund for Policyholders During Pandemic April 15, 2020 MAPFRE Insurance has announced its Staying Home Refund program, which will return 15 percent of April and May premium to...
Massachusetts’ Safety Insurance to Reduce Auto Premiums During COVID-19 Pandemic April 15, 2020 Safety Insurance has announced a premium reduction plan and several other steps to meet policyholder and community needs during the...
Many Insurance Policies Bought by Small UK Firms Don’t Cover Pandemic: Regulator April 15, 2020 By Huw Jones and Carolyn Cohn Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that...