Claims / Legal
Swiss Re’s First Half Loss Soars to $1.1B, Driven by COVID-19 Costs
Reinsurance company Swiss Re said on Wednesday that claims and reserves of $2.5 billion related to COVID-19 will lead to a net first half loss of about $1.1 billion. The company, which reported the ...
QBE Expects $750M H1 Loss, With COVID-19 and Cat Claims Mostly to Blame
QBE Insurance Group expects to report a first-half, after-tax loss of around $750 million, mainly due to COVID-19 claims and natural catastrophes, which included Australia's bushfires and hailstorms ...
Inconsistent Data Hampers Climate Risk Assessment in Finance
Comparing how banks and insurers from different countries cope with climate change is being hampered by a lack of consistent data, the Financial Stability Board said on Wednesday. Regulators are ...
France Explores Ways to Shield Companies From Impact of Future Pandemics
The French government is looking at ways to shield companies from the impact of future pandemics. The goal is to protect companies and jobs from the damage that major events such as pandemics can ...
Bayer Roundup Damages Reduced, but Verdict Appeal Fails
Bayer AG failed to persuade a California appeals court to overturn a verdict favoring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by ...
U.S. Companies Struggle to Address Airborne Coronavirus Risk in Reopening Efforts
U.S. companies are raising new questions about how they can make workplaces safe after the world's top public health agency acknowledged the risk that tiny airborne droplets of the novel coronavirus ...
On the Docket: Who Will Pay UK Coronavirus Business Interruption Claims?
A trial to decide who should pay for the rising costs associated with the coronavirus pandemic is about to start in London. The UK financial regulator took Europe's largest insurers to court in a ...
Twitter Discloses Hackers Downloaded Data From Several Non-Verified Accounts
Twitter Inc said on Saturday that hackers were able to download account information for up to eight accounts involved in the hack of its systems this week, but said none of them were verified ...