Swedish Example Inspires UK Insurers in Bid to Avoid Coronavirus Biz Income Payouts

Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The ...

Trade Disruption Possible if Sailors Stranded by COVID Restrictions Refuse to Work

Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially ...

Ransomware Attacks Spiked 25 Percent in 2020 First Quarter: Beazley

There was a 25 percent spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley's ...

Amazon Starts Using AI for Warehouse Social Distancing Risk Reduction

Amazon.com Inc on Tuesday launched an artificial intelligence-based tracking system to enforce social distancing at its offices and warehouses to help reduce any risk of contracting the new ...

U.S. Commercial Insurers Can Handle COVID-19 in the Short Term: Fitch Ratings

For U.S. commercial insurers, 2020 was once projected to be an improved, even booming year. Then COVID-19 happened, with the ongoing pandemic increasingly making heavy losses all but certain. Still, ...

Executives On The Move at Munich Re and BHSI

Two Munich Re subsidiaries recently made new executive appointments. Berkshire Hathaway Specialty Insurance an executive to be Senior Care Leader, Healthcare Professional Liability in the U.S.