Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020 November 17, 2020 The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in...
Insurers Tell UK Supreme Court They Cannot Provide Unlimited Cover During Pandemic November 16, 2020 By Carolyn Cohn and Kirstin Ridley Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic...
Medical Costs of COVID Patients 50% Higher Than Before Hospitalization: German Study November 16, 2020 Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted,...
McDonald’s Plans Safety Checks of All Restaurants as COVID Cases Surge November 16, 2020 By Hilary Russ McDonald’s Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and...
Professional Liability Underwriters Feeling Pressure From COVID: AM Best November 13, 2020 The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many...
Louisiana Court Schedules Trial on First Coronavirus Business Interruption Lawsuit November 12, 2020 By Jim Sams A trial will begin Monday in what is thought to be the first lawsuit to be filed against an insurer...
Meat Company Suing New Mexico to Remain Open After Virus Cases November 12, 2020 By Tom Polansek A U.S. meat company that supplies Walmart and Costco is suing New Mexico to fight a state order that seeks...
Pandemic Risks to Last for Months, Warns Swiss Financial Market Supervisor November 12, 2020 By Brenna Hughes Neghaiwi Financial risks related to the coronavirus pandemic will last for months if not years, Switzerland’s financial market supervisor FINMA said...
Employers Facing Wave of Lawsuits by Parents Fired During Pandemic November 12, 2020 By David Yaffe-Bellany Parents who’ve lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them...
CWCI: California Workers’ Comp Virus Claim Count Tops 50,000 November 10, 2020 There have been 50,592 COVID-19 claims reported to the state Division of Workers’ Compensation (DWC) so far this year –...