Major insurance companies told the UK Supreme Court on Monday that thousands of small companies battered by the coronavirus pandemic were not eligible for business interruption payouts and to suggest differently was “reverse engineering.” On the first day of a …
Medical costs of German COVID-19 patients who have left hospitals are on average 50% higher than before they were admitted, data from a major insurer showed, a sign that even those who have recovered struggle to regain full health. The …
McDonald’s Corp. will inspect all its U.S. restaurants to ensure compliance with safety standards as coronavirus cases surge again and “COVID fatigue” sets in, according to an internal note seen by Reuters on Friday. “It is apparent we are entering …
The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM Best report. With its Best’s Special Report, “Professional Liability …
A trial will begin Monday in what is thought to be the first lawsuit to be filed against an insurer for denying coverage for business-interruption losses caused by COVID-19 shutdown orders. Judge Paulette R. Irons ruled against a motion for …
A U.S. meat company that supplies Walmart and Costco is suing New Mexico to fight a state order that seeks to close a production facility where more than 100 workers have tested positive for COVID-19. The lawsuit from Stampede Meat …
Financial risks related to the coronavirus pandemic will last for months if not years, Switzerland’s financial market supervisor FINMA said on Wednesday, pointing to particularly heightened risk of defaults on corporate loans. “Thanks to the cushion of liquidity and capital …
Parents who’ve lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since March, working parents have filed at least 40 lawsuits accusing …
There have been 50,592 COVID-19 claims reported to the state Division of Workers’ Compensation (DWC) so far this year – including 282 death claims, according to latest tally by the California Workers’ Compensation Institute. That translates to one out of …
Alaska’s governor has announced a new COVID-19 disaster declaration for the state that will take effect Nov. 16 and last 30 days. Republican Gov. Mike Dunleavy announced the updated declaration on Friday, ahead of the scheduled expiration of the emergency …
