Global Economy
D&O Underwriting Losses Will Continue, Worsened by Pandemic Claims: Fitch Ratings
For insurers handling U.S. directors and officers liability, Fitch Ratings has bad news and good news, both relating to the coronavirus pandemic. First, the bad: Underwriting losses will likely ...
Carnival Cruise Pandemic Liability Likely Covered by ‘Death on the High Seas Act’
Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles ...
Bayer Resolves More Roundup Cases
Attorneys for Bayer AG and consumers suing the company over allegations its Roundup weedkiller caused cancer told a judge on Thursday they are continuing to resolve thousands more cases, improving ...
Executives On The Move at W.R. Berkley and Marsh
W.R. Berkley appointed a new president to lead one of its divisions. Marsh named a new Chief Digital, Data and Analytics officer. *** W.R. Berkley Corp. appointed Timothy Nelligan as president of ...
U.S. Justice Department Pitches Change to Internet Platforms’ Immunity
President Donald Trump met with nine Republican state attorneys general on Wednesday to discuss the fate of a legal immunity for internet companies after the Justice Department unveiled a legislative ...
Top Shipping Insurance Group Won’t Cover Russia, Turkish Pipelines Over U.S. Sanctions Risk
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. ...
Insurers, Banks Wait for Regulatory ‘Brexit’ Dividend in UK
Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will ...
EasySend Raises $16M for ‘No Code’ Digitization Platform
InsurTech EasySend has raised $16 million, and the startup will use the money to fuel a global expansion of its AI-based platform designed to help insurers and others digitize their processes without ...