Claims / Legal
Coronavirus Business Lawsuits Are Coming
The coronavirus has upended markets, disrupted supply chains and forced quarantines. It's all fertile ground for lawsuits. Hospitals, restaurants, day care centers, nursing homes and hotels may face ...
Insurers Worry Canada’s Climate Change Flood Mapping Work Will Take Too Long
Canada plans to focus its next budget on tackling climate change and its effects but the insurance industry, amid skyrocketing costs, is concerned the government will move too slowly on the key first ...
Insurance Conferences Go on Despite Coronavirus, but No Handshakes (or Buffets) Allowed
As the coronavirus and its COVID-19 disease spread, Insurance professionals going to industry conferences over the next few weeks and months could find themselves having their temperature taken at ...
With a Few Exceptions, Insurers Are Unlikely to Cushion Coronavirus Losses
Don't look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that's sweeping across the globe. The ...
Coronavirus Concerns May Curb Events at Berkshire Hathaway’s May 2 Annual Meeting
Berkshire Hathaway Inc, the conglomerate run Warren Buffett, said it will hold its annual shareholder meeting on May 2 despite the coronavirus outbreak, but may curtail some of the surrounding ...
Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare ...
D&O Coverage Challenges Are Increasing: A.M. Best
Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary ...
Global Insurers, Reinsurers Face Coronavirus Outbreak Exposures: Moody’s
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial ...