Global Economy
P/C Insurance Industry Supports New Government Fund to Help Businesses, Workers Harmed by Coronavirus Crisis
The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and ...
M&A Activity Dropped Globally in Q1 as Coronavirus Pandemic Took Hold
Global mergers and acquisitions activity plunged 28% in the first quarter to its lowest level since 2016 as the devastating economic effects of the coronavirus pandemic took hold in March, ...
QBE Withdraws 2020 Financial Targets Over COVID-19 Uncertainty
QBE, in a potential harbinger of things to come from other carriers, has withdrawn its 2020 financial targets due to COVID-19 uncertainty. "In light of the unprecedented COVID-19 pandemic and ...
Lloyd’s Underwriters Say Hello to Working at Home
Thousands of London's underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won't need them. Working at home due to the coronavirus ...
APCIA’s Sampson Doubles Down on Voluntary Industry Action to Combat COVID-19 Losses
The head of one of the U.S. property/casualty insurance industry's largest trade associations is doubling down on his opposition of attempts by federal and state governments to make business ...
Apple’s China Factories Restart, Even as iPhone Demand Is in Question
As China reopens its economy after months of lockdown, Apple Inc's iPhone factories are largely up and running. But with the coronavirus pandemic spreading across the world, the urgent question for ...
Insurers Expect Coronavirus Claims Will Strike ‘Event Driven’ D&O Line
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed ...
Lloyd’s Confronts COVID-19 Claims in 14 Insurance Categories
Lloyd's insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market's 2019 results. Neal said ...