Claims / Legal
Canada’s Manulife Will Start Selling COVID-19 Related Travel Insurance Product
Canadian insurer Manulife Financial Corp will restore some coverage for coronavirus-related trip interruptions in a new travel insurance policy that also includes COVID-19 in its emergency medical ...
What Is the No. 1 Emerging Litigation Risk? ‘Forever Chemicals,’ Says Praedicat
The top emerging litigation risk identified for the year ahead is PFAS, the so-called "forever chemicals" used in a wide variety of products such as Teflon, Scotchgard, food containers, firefighting ...
Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling
Insurers and observers are weighing in on the ruling by a London court in a test case brought by Britain's Financial Conduct Authority (FCA) to clarify insurance coverage for COVID-19 related ...
AM Best Keeps Stable Outlook for Reinsurance Industry
The tailwinds propelling the global reinsurance sector are sufficient impetus for the ratings agency AM Best to retain its stable outlook for the reinsurance industry, despite multiple challenges. ...
UK Judges Rule Carriers Were Wrong to Reject COVID Business Interruption Claims
London judges have ruled that some of the world's biggest insurers were wrong to reject tens of thousands of claims from small firms battered by the COVID-19 pandemic, Britain's Financial Conduct ...
Casualty Reinsurance Demand Rises in North America Despite Hardening Primary Rates: Willis Re
Although there is a significant market correction taking place in the North American liability insurance market, demand for casualty reinsurance is increasing, said Chirag Shah, executive vice ...
Second Hurricane in a Month Heads Toward U.S. Gulf Coast
Tropical Storm Sally strengthened off the west coast of Florida on Sunday and was poised to become a category 2 hurricane, bringing the threat of dangerous storm surges and high winds to the U.S. ...
Munich Re Pauses Selling Pandemic Business Coverage After Big H1 Losses
Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a 1.5 billion-euro ($1.8 billion) virus-related hit in the first half. ...