Global Economy
COVID-19 Could Be Most Expensive Event Ever for Insurers, Reinsurers: Guy Carpenter
Although considerable uncertainty remains over its ultimate cost, the COVID-19 pandemic looks set to rank among the re/insurance sector's most expensive events, according to a report published by ...
Executives On The Move at W.R. Berkley and Alliant
Specialty insurer and reinsurer W.R. Berkley appointed two attorneys to high-level counsel positions. Alliant hired a co-leader of its mergers and acquisitions unit. *** W.R. Berkley Corporation ...
Senators Propose Targeted Approach to Reform Internet Liability
Two U.S. senators on Wednesday introduced legislation to reform part of a federal law that largely exempts tech platforms such as Facebook and Twitter from legal liability for the material their ...
Legal Experts: Bayer Hopes Science Will Prevent Future Roundup Lawsuits
Seeking to forestall further claims, Bayer AG is taking a risky bet that an independent scientific review will ultimately show that its widely used weed killer Roundup does not cause cancer, legal ...
Lemonade IPO Envisions Raising Up to $286M
Insurance startup Lemonade Inc, which is backed by SoftBank Group Corp, said on Thursday it was looking to raise up to $286 million in its U.S. initial public offering (IPO), as the IPO market gains ...
EasyJet Data Breach Lawsuit Draws More Than 10,000 People
EasyJet Plc faces a lawsuit over a data breach disclosed last month that potentially exposed private details of 9 million passengers. More than 10,000 people have joined the suit since it was filed ...
The Latest Launches From AXA XL and Hiscox
AXA XL added a new benefit to its North American construction insurance to help general contractors make informed decisions about COVID-19. Hiscox partnered with an InsurTech to give short-term ...
Citing COVID-19 Concerns, APCIA Will Move 2020 Annual Meeting Online
The American Property Casualty Insurance Association plans to move its 2020 annual meeting online because of continued safety concerns about the ongoing coronavirus pandemic. APCIA President and CEO ...