Global Supply Chains Strained as Ship Crews Are Stuck in Lockdown April 7, 2020 By Claire Jiao, Siegfrid Alegado and Ann Koh Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains...
UK MGA Aqueous Underwriting Offers COVID-Crisis Help for Hospitality, Leisure Clients April 7, 2020 Aqueous Underwriting, a London-based managing general agent, has responded to the coronavirus crisis with a package of measures designed to...
Australia Regulator Urges Insurers, Banks to Defer Dividends Amid Coronavirus Crisis April 7, 2020 Australia’s prudential regulator on Tuesday asked banks and insurers to consider deferring dividend payouts or use buffers like dividend reinvestment...
Facilities Closed During Coronavirus Crisis Pose New Risks, Allianz Cautions April 7, 2020 Many companies are having to shutdown their premises temporarily at short notice due to the Covid-19 pandemic. According to the...
Coronavirus Resource Update 4/9/20 April 6, 2020 By Pamela Simpson Stay Informed We’ve added a new, uplifting category to this blog – From Our Family to Yours. Below the news...
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...
Consumers Find Travel Insurance Policies Not Much Help in Coronavirus Crisis April 6, 2020 By Christopher Palmeri and K. Oanh Ha Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their...
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...