Global Reinsurance Sector Receives ‘Stable’ Market Outlook as Rates Keep Hardening December 8, 2020 By L.S. Howard The outlook of the global reinsurance sector is “stable,” which is mainly a reflection of hardening pricing conditions and tighter...
Expansion of Workers’ Compensation for COVID-19 in 6 States Created Narrow Benefit December 8, 2020 By Jim Sams While at least 17 states have passed laws or issued orders that expanded access to workers’ compensation benefits for employees...
Cost of Postponing Tokyo Olympics Could Reach $2.8 Billion December 7, 2020 By Stephen Wade TOKYO – The cost of the postponement for the Tokyo Olympics could reach about $2.8 billion, according to figures released...
Cathay Pacific Collaborates with AXA to Provide Free COVID-19 Insurance to Passengers December 7, 2020 Cathay Pacific is collaborating with AXA General Insurance Hong Kong Ltd. to provide free COVID-19 coverage to all passengers. Customers...
SEC Fines Cheesecake Factory for Misleading Disclosures About COVID Financial Impact December 4, 2020 By Andrew G. Simpson The Securities and Exchange Commission said it has settled charges against The Cheesecake Factory Inc. for misleading disclosures about the...
Momentum Is Building for Pre-Flight COVID-19 Airport Testing December 4, 2020 Even as the race to approve and distribute COVID-19 vaccines is entering its final stretch, parts of the travel industry...
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...
IBM Warns COVID Vaccine ‘Cold Chain’ Process Has Been Targeted by Hackers December 4, 2020 By Raphael Satter IBM is sounding the alarm over hackers targeting companies critical to the distribution of COVID-19 vaccines, a sign that digital...
Insuring Cannabis Summit: Newly Legal States Could Yield $6B in Next 5 Years December 2, 2020 By Don Jergler Editor’s note: This is part of a series of articles based on panels and presentations during Insurance Journal’s 2020 Insuring...
California Wants Hospitals to Test All Workers for Virus December 2, 2020 By Adam Beam and Don Thompson California has asked hospitals to ramp up their coronavirus testing amid a surge of new cases, urging them to test...