CEO of Tokyo Games Can’t Guarantee Postponed Olympics Will Be Held Even in 2021 April 13, 2020 By Stephen Wade As the coronavirus spreads in Japan, the chief executive of the Tokyo Games said Friday [April 10] he can’t guarantee...
AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business March 25, 2020 Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this...
Tokyo Games Delayed to 2021 in 1st Postponement in Olympics’ 124-Year History March 24, 2020 By Sakura Murakami and Karolos Grohmann The Tokyo Olympics were postponed on Tuesday into 2021, the first such delay in the Games’ 124-year modern history, as...
Wedding Insurance Excludes Pandemics, and Couples Find They Have No Cover March 23, 2020 By Hailey Waller Weddings are happy events, now hard to find in the age of the coronavirus. They’re being canceled, which means lost...
Insurers Face Big Investment Losses, Trade Credit Claims from Coronavirus Crisis March 12, 2020 By Carolyn Cohn Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a...
Insurance Unlikely to Cushion Coronavirus Losses – But There Are Exceptions March 4, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Don’t look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from...
Parametric Insurance Could Offer Hotels Relief from Coronavirus Cancellations March 3, 2020 By Noor Zainab Hussain and Carolyn Cohn Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies...
Re/Insurers to Feel Coronavirus Impact From Financial Market Volatility: Moody’s March 2, 2020 Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through...
Global Insurers Face Hefty Claims If Coronavirus Forces Olympics Cancellation February 28, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurers face a hefty bill if the coronavirus forces the cancellation of the Summer Olympics in Tokyo, with estimates...
Coronavirus Leads Companies with Supply Chain Disruptions to Invoke ‘Force Majeure’ February 13, 2020 By Jan Wolfe With the coronavirus outbreak that originated in Hubei province, China, showing no signs of abating any time soon, some companies...