Global Economy
With Ship Crews Stuck in Lockdown, Global Supply Chains Are Strained
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like ...
Travelers, Chubb, Allstate and Others Commit Substantial Resources Toward Coronavirus Relief
As the coronavirus pandemic drags on, insurers are committing substantial capital toward helping their agents, clients and employees weather the ongoing crisis. Companies including Travelers, Chubb, ...
Zurich Debuts Podcast Series to Help Biz Clients Harmed by Pandemic
Zurich Insurance is focusing on helping business clients harmed by the coronavirus pandemic with a new podcast series. The series – Risk Insights: Coronavirus – will highlight "key risk ...
A Double-Whammy for Travelers When Carriers Refuse Virus Payouts
Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance ...
Grounded Airplanes Carry Insured Value of More Than $160B: Report
Airplanes with a total insured value of more than $160 billion are grounded around the world, presenting risks for insurers, a report said on Friday. Singapore has the largest number of planes ...
InsureTech Connect’s CEO Has Added Coronavirus Contingencies Into 2020 Fall Conference Planning
For now, the InsureTech Connect website offers this reassuring statement: "ITC Is on Track for Sept. 21-23-2020." But with the coronavirus pandemic spreading aggressively around the world, ITC CEO ...
Lloyd’s Placed on Rating Watch Negative by Fitch Due to COVID-19 Uncertainty
Fitch Ratings has placed Lloyd's of London's 'AA-' Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd's earnings and underwriting ...
Buffett’s Berkshire Hathaway Hammered by Coronavirus Equity Losses
The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett's equity portfolio at Berkshire Hathaway Inc, setting up the conglomerate for one of the largest quarterly ...