Claims / Legal
Hiscox Loses Money From Virus Claims; Cites ‘Brand Damage’ From Court Case
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces "brand damage" from a legal dispute over policy wordings ...
Allianz, Munich Re Link With Google to Insure Its Cloud Users
Google is teaming up with two global insurers to cover cyber breaches and related risks for businesses that use its cloud services, the first time a major provider has opened up such insurance to its ...
Irish Insurer FBD More Than Doubles Money Set Aside for COVID Lockdown Claims
Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that ...
Chubb, AXA Among 15 Insurers Ceasing Business With Nord Stream 2 Pipeline to Avoid Sanctions
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia's Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration ...
Workers Comp Remedy Bars Wife’s COVID Suit vs. Husband’s Employer
A federal judge tossed out a lawsuit that sought to hold an employer responsible for a worker's spouse getting sick with COVID-19. U.S. District Judge Maxine M. Chesney in San Francisco on Monday ...
Workers Comp and COVID: More Data on Evolving Claims
Workers compensation insurers aren't getting the large aggregate volumes of COVID-related claims projected during the early months of the pandemic, but different data sources give varying readouts on ...
BIG La. Case Against Lloyd’s For COVID BI Cover Rejected; Travelers Ohio Win
A New Orleans judge denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business income that was lost when it was required to close its dining room because of ...
Polluted Skies Over Texas: Emissions Soar as Freeze Shuts Refineries
The largest U.S. oil refiners released tons of air pollutants into the skies over Texas this past week, according to figures provided to the state, as refineries and petrochemical plants in the ...