International
UK Insurers Cancel More Than $1.2B in Dividends Over Coronavirus Worries
British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs ...
Insurance Industry Veteran Kevin Brooks Passes Away Due to COVID-19 Complications
Insurance industry veteran Kevin P. Brooks passed away on April 3, 2020, due to complications of COVID-19. Brooks had a long and successful career in the insurance industry, focusing on wholesale, ...
With Ship Crews Stuck in Lockdown, Global Supply Chains Are Strained
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Hubs like ...
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 ...
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 ...
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 ...