Litigation/Liability Trends
The First (Of Many) Coronavirus Business Interruption Trials Is Now Underway
The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd's of London insurers to cover losses from the Covid-19 outbreak — the ...
Higher Cargo Insurance Rates, New Risks Aplenty With COVID Vaccine Rollout
Speedy global delivery of COVID-19 vaccines by air and sea in ultra cold conditions will lead to a jump in cargo insurance rates and spur demand for new areas of coverage, leaving underwriters on ...
Lemonade Wins Right to Use Signature Pink in France
Lemonade said it has won one battle in its ongoing fight to use its signature pink in the European Union. The digital insurer said it came out on top in a key ruling against Deutsche Telekom ...
Cyber Insurers Reduce Scope of Offerings as Ransomware Attacks Climb
Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even scale back on the cover they offer against cyber crimes, a report from a ...
2020 Is Among the Insurance Industry’s Most Costly Years: Swiss Re
Insurance industry losses from natural catastrophes and man-made disasters across the globe amounted to $83 billion in 2020, making it the fifth-costliest year for the industry since 1970, according ...
Bipartisan COVID-19 Plan Separates Coronavirus Liability Protections, State Aid
A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by separating out coronavirus liability protections and ...
Cyber Attacks Reportedly Hitting Coronavirus Vaccine Distribution Infrastructure
Cyber attacks have been waged against COVID-19 vaccine distribution infrastructure, including a cold-chain storage company, U.S. Senator Gary Peters said on Thursday. "IBM recently released a very ...
Banks, Global Law Enforcement Battle COVID-19 Crime Wave
Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus. ...