Global Economy
6 Insurers Targeted in Latest Round of Business Interruption Class Action Suits
A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the ...
UK InsurTech Links With Maltese Insurer to Offer Bicycle Insurance
Babel Cover, a British insurtech start-up, is working with Maltese insurer Atlas and emerging technology firm Piprate to insure bicycles of competitive cyclists, triathletes and commuters of Malta. ...
AXA XL Builds New Leadership Team, Updates Operating Model
AXA XL formed a new leadership team and has outlined proposed changes to the operating model of its Insurance business following a strategic review. "AXA XL is the result of acquisitions and mergers ...
Zoom, House Party or Webex: Choose Your Ideal Videoconferencing App
The coronavirus crisis has seen millions locked in their homes turn to videoconferencing apps, bringing with it question marks over security and privacy and a new verb - Zoombombing - the practice of ...
British Insurers Pursue Government Trade Credit Backstop
British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit by the coronavirus pandemic, an industry trade body said. States such ...
COVID-19 Aftermath: Employers May Exclude Payroll to Employees Not Working for Workers Comp
Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation ...
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 ...