U.S. Pension Funds Sue Allianz After $4 Billion in Coronavirus Losses September 28, 2020 By Tom Sims Pension funds for truckers, teachers and subway workers have lodged lawsuits in the United States against Germany’s Allianz, one of...
EU Strikes Low-Cost Deal With AstraZeneca to Pay COVID-19 Vaccine Claims September 28, 2020 By Francesco Guarascio European governments will pay claims above an agreed limit against AstraZeneca over side-effects from its potential COVID-19 vaccine, under different...
D&O Insurers Under Pressure But Big Enough to Handle Pandemic Claims, Says Fitch September 28, 2020 As claims related to the economic fallout from the pandemic emerge in the U.S. directors & officers (D&O) liability insurance...
U.S. to Research Transmission of COVID-19 in Beef Supply Chain September 28, 2020 By P.J. Huffstutter The U.S. Department of Agriculture is funding a $1 million research project to identify how the virus that causes COVID-19...
Formation of More ‘Class of 2020’ Reinsurers Unlikely September 25, 2020 By Susanne Sclafane The Class of 2020 already has a new member, but it’s not a true startup, the chair of the company...
Lloyd’s CEO Neal Sees Appeal of COVID Business Insurance Ruling Coming September 25, 2020 By Carolyn Cohn Lloyd’s of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to...
For Carnival Cruise Lines, 1920 ‘Death on the High Seas Act’ Curbs Coronavirus Damages September 23, 2020 By Christopher Yasiejko Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision...
Independent Brokers Will Remain Competitive by Adding Value to the Value Chain September 23, 2020 By L.S. Howard The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser,...
Confident Russia Vows to Shoulder Some of the Legal Liability of Its COVID-19 Vaccine September 23, 2020 By Polina Ivanova and Anthony Boadle Russia is so confident in its COVID-19 vaccine that it will shoulder some of the legal liability should anything go...
Music Festivals Testing ‘Bubble’ Strategies to Bring Back Outdoor Events September 22, 2020 By Michelle Lhooq A 200-strong coterie of mostly men gathered in the Poconos Mountains earlier this month to engage in what some regard...