International
Cryptocurrency Investor Sues Teen for $71.4M Over Alleged Swindle
A U.S. cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cybercrime scheme that defrauded him out ...
Executives On The Move at Zurich and Berkshire Hathaway Specialty Insurance
Zurich Insurance made two executive appointments. Berkshire Hathaway Specialty Insurance said it has expanded its Global Property Underwriting Officer team. *** Zurich Insurance Group made two new ...
UK Agency Reportedly Targets July Court Date on Business Interruption Insurance
Britain's Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The ...
FERMA Forms Task Force to Address Business Interruption Cover Challenges for Catastrophic Risks
The Federation of European Risk Management Associations (FERMA) announced the launch of a task force to create proposals to address the issue of business interruption coverage for catastrophic risks. ...
Global Regulators Voice Caution Over Forced Pandemic Payouts
Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said. Disputes ...
Munich Re Expects $1B in Coronavirus Claims; 2020 Profit Still Envisioned
Munich Re said on Thursday it expected to receive claims for canceled or postponed events because of the coronavirus crisis in excess of 1 billion euros ($1.08 billion) this year after it posted a ...
NCCI: Modest COVID-19 Infection Rates Will Still Be Costly
If only 10 percent of health care workers contract COVID-19 and all of their claims are deemed compensable, workers' compensation loss costs for that sector could double or even triple in some ...
Law Firms Gather UK Plaintiffs to Sue Allianz Over Business Interruption Claims
Two law firms said on Tuesday they were gathering companies in Britain for a potential group lawsuit against German insurer Allianz for rejecting business interruption claims during the coronavirus ...