Government
Companies Risk Substantial Loss of Annual Profit Due to Supply Chain Shocks
Companies risk losing more than 40% of annual profit once a decade in a world threatened by trade wars, cyber attacks, pandemics and climate change, according to McKinsey & Co., which estimates ...
Mortgage Default Risk Set to Rise With Hurricane Risk
The 2020 Atlantic hurricane season is forecast to be among the worst. And that has Maryland Smith's Clifford Rossi taking a close look at the potential financial risks. Rossi, professor of the ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Facing Billions in Damages, VW Asks Court to Reconsider Ruling
Volkswagen AG's wholly owned U.S. subsidiary on Thursday asked the Ninth Circuit U.S. Court of Appeals to reconsider a ruling that said two counties could seek financial penalties over excess diesel ...
COVID BI Coverage Suits Top 700; Yep, That’s A Lot
When insurance coverage lawsuits brought by businesses seeking coverage for COVID-related interruptions surpassed the 700 mark last week, the natural question to ask was: Is that a lot? That's ...
Liability Shield Controversy Bogs Down Talks Over Coronavirus Relief Bill
Stimulus talks between President Donald Trump's representatives and Democrats bogged down Tuesday over demands by Senate Majority Leader Mitch McConnell that his proposed changes to liability law be ...
Michigan COVID BI Ruling Not A Knockout Punch; FCA Case Defeat Could Be Disastrous
A recent ruling from a Michigan judge that business interruption claims payouts require tangible alteration to a property may have sounded like a knockout win for the insurance industry but a legal ...
GOP Supports Limiting Virus Liability Claims Against Businesses, Schools, Caregivers
Senate Majority Leader Mitch McConnell wants to give federal courts jurisdiction over liability claims arising from coronavirus infections to limit the legal exposure of businesses, schools and other ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...