Top insurers such as AXA, RSA, QBE and Zurich face a potential multi-million-pound lawsuit from British pubs, hotels, restaurants and leisure groups, who allege that legitimate business interruption claims have been rejected. A new Hospitality Insurance Action Group (HIGA) on …
Georgia officials reported Tuesday the coronavirus has killed more than 1,000 people statewide as some local officials urged people to continue isolating at home in spite of the governor’s aggressive efforts to reopen businesses and reboot the economy. The Georgia …
The primary cause of the sinking of a tourist-carrying duck boat on a Missouri lake in July 2018, in which 17 people were killed, was the continued operation of the vessel during severe weather, despite severe weather warnings issued by …
A federal appellate court on Tuesday overturned a jury’s award of $64 million against Fireman’s Fund Insurance Co. for allegedly breaching the terms of a reinsurance agreement. The 2nd Circuit Court of Appeals found that Fireman’s Fund was not liable …
As the insurance industry begins to settle into the new norm of working from home (WFH), most companies will be questioning the very fundamentals of their day-to-day operating models. Staff will, of course, be looking forward to the day when …
The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. A study commissioned by …
U.S. consumer advocates are urging Congress to resist growing demands by companies for protections from coronavirus-related lawsuits as states start to ease pandemic restrictions and businesses begin to reopen. Led by Public Citizen and the Center for Justice and Democracy, …
Several Nevada drivers are set to receive premium refunds for their auto insurance policies as a result of less claims being paid as Nevadans continue to stay at home during the COVID-19 crisis. “There are fewer cars on the road …
The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession as stringent measures to slow the spread of the novel coronavirus almost shut down the country, ending the longest expansion in the nation’s history. …
Between March 22 and April 22, Louisiana Workforce Commission (LWC) paid out $561,358,411 in total benefits to over 302,000 Louisianians whose employment has been impacted by the COVID-19 pandemic. By comparison, in all of 2019 LWC paid a total of …
