Global Economy
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 ...
VW Has Settled Majority of German Consumer Diesel Emission Lawsuits
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the carmaker's rigging of diesel emissions ...
Corporations Smacked With Double the Hacking Attacks as Employees Work From Home
Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic ...
Allianz CEO Baete Warns Coronavirus Will Cause ‘Huge Losses’ for Insurers
Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers' business models and will cause "massive" losses across the industry. The virus has forced closures across ...
Chubb CEO Greenberg Cautions Insurers Would Face Bankruptcy Over Retroactive Coverage Measures
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. "The insurance industry is a ...