News
Businesses Contemplating Reopening Fear Lawsuits From Sick Patrons
Whenever U.S. stores, restaurants and theaters reopen from coronavirus shutdowns, they may face an unexpected problem: lawsuits from sick patrons and workers. Business owners hit hard by Covid-19 are ...
VW Has Settled Majority of German Consumer Diesel Emission Lawsuits
Volkswagen has reached settlements with 200,000 of the 260,000 claimants participating in a class action lawsuit brought by German consumer group VZBV over the carmaker's rigging of diesel emissions ...
Pre-COVID, Cybersecurity Tops Insurer Ranking of Dangerous Risks
When Willis Towers Watson asked more than 100 insurance industry executives to select what they thought would be the most dangerous risks to impact their businesses in the coming year, they ranked ...
Corporations Smacked With Double the Hacking Attacks as Employees Work From Home
Hacking activity against corporations in the United States and other countries more than doubled by some measures last month as digital thieves took advantage of security weakened by pandemic ...
Watsa’s Fairfax Discloses Q1 $1.4B Net Loss From COVID-19 Financial Markets Plunge
Fairfax Financial Holdings warned it is dealing with an estimated $1.4 billion net loss in the 2020 first quarter, largely because of COVID-19 and its adverse impact on the global financial market. ...
Executives On The Move at AXIS, Church Mutual and Argo Group
AXIS Capital Holdings Lt. promoted one of its executives to lead a division domiciled in Ireland. Church Mutual Insurance Company promoted six individuals into new leadership roles. Argo Group ...
Allianz CEO Baete Warns Coronavirus Will Cause ‘Huge Losses’ for Insurers
Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers' business models and will cause "massive" losses across the industry. The virus has forced closures across ...
Chubb CEO Greenberg Cautions Insurers Would Face Bankruptcy Over Retroactive Coverage Measures
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. "The insurance industry is a ...