News
AXA Fights Order to Pay Millions of Euros in Back Taxes: Report
AXA SA was ordered to pay tens of millions of euros in back taxes last year after French fiscal authorities deemed a Luxembourg-based structure was improperly used to avoid tax payments in France, ...
Insurers Make UK Case for Limiting Pandemic Business Interruption Cover
Major insurance companies told the UK Supreme Court on Monday it was wrong to assume there could be unlimited cover during a pandemic in an appeal closely watched by thousands of British businesses ...
Slice Labs, AXIS Insurance Link to Offer Home Based Business Cover
Slice Labs Inc. and AXIS Insurance have partnered to distribute AXIS Home Based Business insurance, an on-demand digital commercial insurance product designed for home businesses not covered by ...
Fed Edges Closer to Joining Global Peers in Climate Change Risk Reduction Efforts
The Federal Reserve is moving closer to joining an international group of central bankers working to understand and reduce climate change risk, paving the way for the world's most influential central ...
Watson’s Fairfax to Sell Vault; A.M. Best Issues Ratings Downgrade
Vault Insurance – a high-net-worth insurer majority-owned by Fairfax Financial's Allied World – will be sold, a decision that has led to an initial A.M. Best ratings downgrade. A.M. Best knocked ...
Parents Fired During Pandemic Suing Employers in Droves, Alleging Discrimination
Parents who've lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since ...
COVID-19 Driving Huge Claims Hike in U.S. Professional Liability Market: A.M. Best
The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM ...
Insurers Targeted by U.S. Sanctions Over Nord Stream 2 Pipeline
The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that's ...