Global Economy
U.S. Carriers Beat Back Coronavirus Claims With Massive Cost Estimates
U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has ...
Senate Republicans Draft Bill to Enable Broad Coronavirus Employer Liability Shield
Senate Republicans are drafting legislation that would let employers choose which government coronavirus safety guidelines to follow in order to be shielded from lawsuits if their customers or ...
Climate Change Appears Likely to Cause Extreme Waves, Coastal Damage
Climate change is expected to cause stronger storm winds that trigger more extreme waves and increase coastal damage in Australia, the Pacific and South America by the end of the century, new ...
Generali Looks at Strategic Options for Swiss Insurance Operations
Assicurazioni Generali SpA is exploring strategic options for its Swiss insurance operations, according to people familiar with the matter. The Italian company is working with advisers to study ...
COVID-19 Accelerates D&O Transformation Already Underway
Rates for the struggling Directors and Officers insurance market jumped by 44 percent in the 2020 first quarter. Expect that market hardening trend to continue for some time, with increases likely to ...
Swiss Will Vote on Companies’ Global Liability for Rights Abuses
Swiss voters look set to get the final say on whether Swiss-based companies should be liable for human rights abuses and environmental violations in operations even outside Switzerland. As consumers ...
With the COVID-19 Crisis, Global Insurers Pulled Firmly Into Uncharted Territory
Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift. The long-awaited 32nd Olympic Games. The list of canned ...
The Latest Launches From Zurich, Aon and Neptune Flood
Zurich Insurance Group launched a new legal panel to provide advice on managing large and complex claims across Europe, the Middle East and Africa. Aon is partnering with cybersecurity company GK8 to ...