Travelers, W.R. Berkley CEOs Sound Alarm Over Coronavirus Lawsuits, Workers’ Comp April 23, 2020 By Susanne Sclafane During an earnings conference call Tuesday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by...
North Carolina Farm Bureau Insurance to Give Insureds 20% Dividend on Auto Premiums April 22, 2020 North Carolina Farm Bureau Insurance will provide a 20% dividend payment to its automobile policyholders for April and May 2020...
Travelers Sees Q1 Profit Fall From Storms; It’s Watching COVID-19 Workers’ Comp Claims April 21, 2020 By Suzanne Barlyn and Noor Zainab Hussain Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential...
Danish Insurer Tryg Expects Wave of Travel Claims as Customers Cancel Holidays April 21, 2020 Danish insurer Tryg expects to be hit by a wave of travel insurance claims as customers cancel their summer holidays...
UK Insurance Industry Leaders Form Steering Group to Propose Pandemic Response, Chaired by Catlin April 21, 2020 UK Insurance industry leaders have combined to form a steering group, which will work with terrorism reinsurer Pool Re, with...
States Easing Path to Workers’ Compensation Benefits for Coronavirus Workers April 21, 2020 By Jim Sams Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for...
UK Insurers in Talks with Government About Creating Trade Credit Backstop April 20, 2020 By Carolyn Cohn British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit...
Employers May Exclude Payroll to Employees Not Working for Workers’ Comp: NCCI April 20, 2020 By Andrew G. Simpson Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working...
Lloyd’s Gathers Business Interruption Data for UK Regulator April 20, 2020 Lloyd’s of London is collating details of insurers’ business interruption coverage for the Prudential Regulation Authority and is in discussions...
Businesses Fear Lawsuits from Sick Employees, Patrons After Reopening April 20, 2020 By Erik Larson, Edvard Pettersson and Christopher Yasiejko Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons...