UK Businesses Wait to See if Their Insurers Will Appeal COVID-19 Insurance Ruling September 16, 2020 By Kirstin Ridley and Carolyn Cohn LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him...
Louisiana Health System Cited for Coronavirus Safety Violations September 15, 2020 A healthcare system in Shreveport, Louisiana, has been cited by federal workplace safety officials for failing to protect employees from...
Financial Conduct Authority Hails Business Interruption Ruling as Policyholder Win September 15, 2020 The Financial Conduct Authority said today’s High Court judgment in its coronavirus business interruption insurance test case found in favour...
Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling September 15, 2020 Insurers and observers are weighing in on the ruling by a London court in a test case brought by Britain’s...
London Court Rules Some Insurers Should Not Have Denied Business Interruption Claims September 15, 2020 By Carolyn Cohn and Kirstin Ridley London judges have ruled that some of the world’s biggest insurers were wrong to reject tens of thousands of claims...
Coronavirus Pandemic Will Have Severe Impact on Social Inflation: Fitch’s Mazzuoli September 15, 2020 By Robert Mazzuoli Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic...
COVID-19 Crisis Reveals Contract Clarity Lessons, Digital Opportunities: Flandro September 15, 2020 By L.S. Howard In every crisis, lessons must be learned, but opportunities also are revealed. And so it goes with the COVID-19, which...
World Leaders Failed to Heed Warnings and Prepare for Pandemic, Says Global Report September 15, 2020 By Kate Kelland A collective failure by political leaders to heed warnings and prepare for an infectious disease pandemic has transformed “a world...
Reinsurance Sector ‘Stable’ Despite Major Headwinds: AM Best September 14, 2020 By Adrian Leonard The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable...
Why the Coronavirus Recession Is Not Like the Last Recession September 14, 2020 By Howard Schneider and Jonnelle Marte Judith Ramirez received a letter this month that she’d been dreading: The Honolulu hotel that furloughed her from a housekeeping...