Risk
Criminal Liability Risks Loom for Some U.S. Firms Over Coronavirus Loans: Mnuchin
The U.S. Treasury Department will audit every loan for more than $2 million given under the Paycheck Protection Program for businesses hurt by the coronavirus fallout, Treasury Secretary Steven ...
Talc Lawsuits Against J&J Allowed to Proceed; Expert Testimony Limited
Thousands of plaintiffs who say that Johnson & Johnson's baby powder and talc products caused cancer can go forward with their claims, but face limits on what expert testimony will be allowed in ...
AXIS Coronavirus Loss Estimates Based on Quarantines Lasting Until July 31
AXIS Capital President and CEO Albert Benchimol said that most of the company's insurance policies don't cover coronavirus pandemic-related claims. There are some that do, however, and those costs ...
Berkshire Hathaway’s Annual Meeting to Feature Buffett and Abel; Munger Won’t Attend
Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not. ...
Workplaces Try Avoiding COVID-19 Liabilities With AI Cameras to Track Social Distancing
Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines ...
Aon’s C-Level Execs, Most Employees Hit With Pay Cuts Due to Coronavirus Uncertainties
Aon announced it will temporarily cut the pay of the company's named executive officers by 50 percent in response to the COVID-19 crisis. In addition, 70 percent of its global workforce will see a 20 ...
Italy’s Generali Asserts Ability to Remain Independent, Even With COVID-19 Uncertainties
Italy's top insurer, Assicurazioni Generali, said on Saturday it was confident of being able to rebuff a potential takeover bid, thanks to a "solid" group of core domestic shareholders and a strong ...
UK Insurers Must Pay More Coronavirus Claims: Parliamentary Committee
Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. "We are concerned that the ...