Pfizer Reports 95% Success Rate in COVID-19 Vaccine Final Trial November 18, 2020 By Michael Erman Final results from Pfizer Inc.’s COVID-19 vaccine trial showed its shot had a 95% success rate and two months of...
UK Insurer RSA Accepts $9.6 Billion Cash Takeover Offer November 18, 2020 By Iain Withers and Carolyn Cohn Canada’s Intact Financial and Denmark’s Tryg on Wednesday said they had reached an agreement to buy British insurance group RSA...
Insurers Using Counter-Intuitive Arguments to Escape COVID Liabilities: UK Regulator November 18, 2020 By Kirstin Ridley and Carolyn Cohn Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of...
Is the Aviation Insurance Market Ready for a COVID-19 Vaccine? November 17, 2020 By James Jordan and Paul Woodley As the development, and possible mass production, of COVID-19 (C-19) vaccines gather speed, the transportation and logistics industry will need...
World Encouraged by Moderna, Pfizer Vaccines’ Success in Trials November 16, 2020 By Julie Steenhuysen and Michael Erman Moderna Inc.’s experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company...
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...
AXA Disputes Ruling that It Must Pay Millions of Euros in Back Taxes: News Report November 16, 2020 By Alexandre Rajbhandari AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities...
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...