Wedding Insurance Excludes Pandemics, and Couples Find They Have No Cover March 23, 2020 By Hailey Waller Weddings are happy events, now hard to find in the age of the coronavirus. They’re being canceled, which means lost...
European Insurers’ Coronavirus BI Claims Likely to Be Limited: Moody’s, ABI March 20, 2020 Insurers in the UK, France and Germany are likely to face only moderate business interruption (BI) claims as a result...
Swiss Re, Zurich Insurance in Talks with Swiss Regulator About Coronavirus Impact March 20, 2020 By Patrick Winters Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their...
Life Insurers Go Slow on New Policies to Limit Coronavirus Risk March 19, 2020 By Suzanne Barlyn U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have...
Analyst Says Specialty P/C Insurers More Likely to See Business Interruption Losses March 19, 2020 The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to...
UK Regulator Warns Insurers to Have ‘Robust’ Coronavirus Contingency Plans March 19, 2020 By L.S. Howard The UK Financial Conduct Authority (FCA) reminded insurers on Thursday to have “robust” operational resilience and business continuity plans in...
Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns March 19, 2020 By Jim Sams A restaurant in the heart of the New Orleans tourism district filed a lawsuit on Monday asking a state judge...
Lloyd’s Closes London Underwriting Room in Response to Coronavirus Crisis March 19, 2020 By L.S. Howard After conducting a successful stress-test last week of its electronic trading system, Lloyd’s has made the decision to close its...
EU Insurers Must Preserve Capital Positions as Coronavirus Crisis Escalates: Watchdog March 18, 2020 Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the...
AM Best to Test Insurers for Coronavirus Impact; Fitch Lowers Allstate Outlook March 18, 2020 Ratings firm AM Best said it is developing stress testing that it will conduct on its rated insurance companies’ balance...