PARIS – A Paris court [held] a hearing Wednesday in a class-action effort to hold French health authorities and companies accountable after thousands with the virus died in nursing homes, and families were locked out and left in the dark …
MILAN – Europe’s insurance industry doesn’t have the capacity to deal with the systemic risk of a pandemic and more protection needs to be put in place through private-public partnerships, the head of Italian insurer Generali said on Thursday. Speaking …
As small-business owners and managers across Texas went to work Wednesday morning, they faced yet another 2021 headache: deal with losing business from customers who don’t want to wear face masks during the pandemic or from patrons who will only …
Nevada officials are preparing to cede decision-making power over the state’s coronavirus measures to county officials. In the five rural counties that have passed resolutions condemning the restrictions, it’s unclear how much will change. “We just plan to continue as …
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces “brand damage” from a legal dispute over policy wordings for pandemic-linked claims. Hiscox shares plunged 13% …
Lloyd’s announced on Friday, Feb. 26 that it plans to re-open its London underwriting room and corporation offices on May 17. To manage capacity and ensure the market is COVID-secure, it will once again apply a class of business rota …
The American Property Casualty Insurance Association is responding strongly to new litigation the group says is an attempt to capitalize on the ongoing pandemic by targeting the auto insurance marketplace. Class action lawsuits were filed in Nevada against 10 major …
Munich Re reported a profit of €1.21 billion (US1.47 billion) for 2020, a 55% decline from the €2.71 billion (US$3.29 billion) reported for the previous year. The reinsurer’s Q4 2020 profit dropped to €212 million (US$258 million) from €217 million …
Class action lawsuits were filed in Nevada against 10 major auto insurance companies this week, contending that the companies charged excessive insurance premiums during the pandemic by failing to account for a drop in driving and crashes. The lawsuits acknowledge …
More vaccines are headed to California’s vast Central Valley, an agricultural region whose workers and residents have been hard hit by coronavirus, Gov. Gavin Newsom said Monday. The multi-county region, which includes the cities of Fresno and Bakersfield, will get …
