coronavirus pandemic News
Lloyd’s CEO Neal Predicts Appeal Regarding UK Business Insurance Ruling
Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to ...
Insurers May Slash Allocations for Hedge Fund Investments After Dismal Pandemic Performance
Having complained for years about hedge funds' high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market ...
Path Cleared for COVID-19 Business Interruption Suit in New Jersey
A second judge has ruled that a policyholder's COVID-19 business-interruption claim should proceed, marking an uncommon procedural win for business owners who have seen similar lawsuits dismissed by ...
Pandemic Leaves Many Workers Anxious About Returning to Office
The coronavirus pandemic has left a majority of workers feeling worried and anxious about returning to the office once their workplaces reopen, according to a new University of Phoenix survey. ...
ITC Promises to Maximize Networking With One-Month Virtual Conference Delay
InsureTech Connect has postponed its annual (now virtual) fall conference by one month, four days before it was scheduled to go live. ITC, which produces one of the world's largest insurance ...
How Insurance Industry Might Respond if a Pandemic Is an Act of Terror
Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons, senior vice present, Underwriting, at Third Point Re, considers this possibility ...
Prediction: Coronavirus Will Have Severe Impact on Social Inflation
Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has ...
Will Insurers Appeal UK COVID-19 Insurance Ruling? Businesses Watch and Wait
LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to ...