Underwriting
Coronavirus-Related Business Failures, Layoffs Will Cause Significant Impact on Workers Compensation Cover
A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers compensation, a rise in business failures could pose a ...
Businesses Contemplating Reopening Fear Lawsuits From Sick Patrons
Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons and workers. Business owners hit hard by Covid-19 are ...
VW Has Settled Majority of German Consumer Diesel Emission Lawsuits
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the carmaker's rigging of diesel emissions ...
Allianz CEO Baete Warns Coronavirus Will Cause ‘Huge Losses’ for Insurers
Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers' business models and will cause "massive" losses across the industry. The virus has forced closures across ...
Chubb CEO Greenberg Cautions Insurers Would Face Bankruptcy Over Retroactive Coverage Measures
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. "The insurance industry is a ...
Insurers Suspending Dividends Shouldn’t Worry About Their Credit Quality: S&P
Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won't have to worry about their credit quality, S&P Global ...
InsurTech Firm Wefox, Other German Startups Seek European Approach to Corona Tracing App
Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on ...
A Crisis Manager on How the P/C Insurance Industry Can Maximize Its Coronavirus Response
"I'm shocked, just shocked that you're suggesting that during a crisis that insurance companies might, in fact, be considered the villains. I've never heard that before." That's Richard Levick ...