Markets
Cryptocurrency Issuers, Exchanges Slammed With U.S. Class Action Lawsuits
Investors have brought class action lawsuits in federal court against seven cryptocurrency issuers and four exchanges, claiming they sold billions of dollars in unregistered assets in violation of ...
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 ...
Lawsuit Seeks COVID-19 Business Interruption Claims Payments From Canadian Insurers
A class action lawsuit has been filed against Canada's top indemnity insurers for breach of contract in their refusal to pay business interruption claims from the COVID-19 crisis. "Indemnity insurers ...
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 ...
Nuclear Verdicts: What P/C Carriers Need to Know
To mitigate the explosion of nuclear jury verdicts—which topped billions of dollars last year—insurance companies need to take a stand to meaningfully impact the U.S. tort system. The most ...