Insurers Face Disputes with Their Reinsurers over UK COVID-19 Business Income Claims March 11, 2021 By Carolyn Cohn and Kirstin Ridley Top insurance companies, ordered by Britain’s highest court to pay thousands of small businesses millions of pounds in claims for...
Total Pandemic Losses for P/C Insurers Will Take Years to Determine: Fitch March 10, 2021 By Fitch Ratings Incurred pandemic losses for U.S. property/casualty insurers increased only modestly in fourth quarter of 2020 from earlier quarters in the...
As States Ease Mask Rules, Essential Workers Worry About Safety and Jobs March 10, 2021 By Leah Willingham, Anne D'Innocenzio and Michael Liedtke Leo Carney worries that bigger crowds and mask-less diners could endanger workers at the Biloxi, Mississippi, seafood restaurant where he...
Judge Permits Suit Alleging Geico Overcharged Drivers During Pandemic March 7, 2021 By Jonathan Stempel The auto insurer Geico Corp., a unit of Warren Buffett’s Berkshire Hathaway Inc., must face a proposed class action claiming...
Some Insurers Strengthening Virus Exclusion Language in Policies After COVID Cases March 5, 2021 By Alwyn Scott U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the...
Many Meatpackers, Other Food Workers Still Waiting for Vaccines March 3, 2021 By Tom Polansek COVID-19 vaccines are making their way into the arms of U.S. meat and agriculture workers, but companies and union officials...
European Union Weighs Emergency Approvals for COVID Vaccines March 2, 2021 By Francesco Guarascio The European Commission said on Tuesday that it was considering emergency approvals for COVID-19 vaccines as a faster alternative to...
Biden Extends Unemployment Insurance for Workers Fearing COVID Risk February 26, 2021 The Biden Administration is expanding eligibility for unemployment benefits for workers who feel they are forced to choose between working...
Workers’ Compensation and COVID: More Data on Evolving Claims February 25, 2021 By Susanne Sclafane Workers’ compensation insurers aren’t getting the large aggregate volumes of COVID-related claims projected during the early months of the pandemic,...
15 Insurers Stop Doing Business with Nord Stream 2 Pipeline to Avoid Sanctions: Reuters February 24, 2021 By Timothy Gardner Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas...