Monthly Archives: <span>December 2020</span>

Federal Court Advances COVID-19 Business Income Suit Despite Virus Exclusion

A federal district court in Virginia has ruled that a spa’s COVID-19-related business income loss lawsuit can move forward despite a virus exclusion in its insurance policy. The United States District Court for the Eastern District of Virginia, Norfolk Division, …

From Insurers to Landlords, Retailers to Restaurants, COVID Reshapes Economies

It would be just a temporary precaution. When the viral pandemic erupted in March, employees of the small digital insurance firm Thimble fled their Manhattan offices. CEO Jay Bregman planned to call them back soon — as soon as New …

Willis Towers Watson Partners with Polecat Intelligence on Emerging Risk Analysis

Willis Towers Watson, the global advisory, broking and solutions company, announced a partnership with Polecat Intelligence Ltd,, a business intelligence and data analytics company. Together, they are developing insurance solutions that enable organizations to respond to the rapidly changing, increasingly …

Brexit Trade Talks Reach Impasse with Both UK and EU Demanding Compromise

BRUSSELS/LONDON – The European Union said on Friday there were just hours left to strike a Brexit trade deal while Britain called on the bloc to see sense as the two sides race to prevent a turbulent finale to the …

SEC Lawsuit Alleges Biotech Firm, CEO Misled Investors About COVID-19 Tests

The U.S. Securities and Exchange Commission sued Decision Diagnostics Corp. and its chief executive for allegedly misleading investors by promising the biotechnology company could test for COVID-19 with a finger-prick of blood and provide accurate results in less than one …

‘If Not One Thing, It’s Another’: Storm Rolls into Northeast

A major snowstorm rolled into the Northeast on Wednesday at a key moment in the coronavirus pandemic, days after the start of the U.S. vaccination campaign and in the thick of a virus surge that has throngs of people seeking …

Judgment in UK COVID Business Interruption Appeal Will Be Handed Down in January

LONDON – There will be no judgment in an appeal over business interruption insurance this year, Britain’s markets watchdog said on Tuesday, dashing hopes of an early outcome in a case that could affect billions of pounds in claims. Britain’s …

S. African Insurer Guardrisk Will Not Challenge Court Ruling on COVID-19 Claims

JOHANNESBURG – South African insurer Guardrisk will not further challenge a court process that has found it liable to pay clients’ rejected coronavirus-related claims, it said late on Thursday. Guardrisk, the country’s fourth-largest non-life insurer, and its peers around the …

AssetSure Hires Karlunas as Vice President, Personal Insurance Practice Leader

Independent insurance agency AssetSure has hired Ted Karlunas as vice president and Personal Insurance Practice leader. In this role, Karlunas will lead personal insurance operations as the agency expands its outreach to new territories. He will be involved in the …

Risk Strategies Acquires New York’s FBA National

Risk Strategies, a privately held, national insurance brokerage and risk management firm, has acquired FBA National, a specialist in developing employee benefits solutions that align with an organization’s goals and workforce needs. FBA National was represented by MidCap Advisors in …