Lloyd’s of London Could Ditch Pinstripes After Pandemic March 25, 2021 LONDON, March 25 — When the pandemic is over, the brokers of Lloyd’s of London could haggle with underwriters from...
Insurer Wins Case Filed by New Orleans Restaurant that Filed Early COVID Claim February 17, 2021 By Jim Sams A New Orleans judge denied a motion for declaratory judgment that insurance coverage is owed to a restaurant for business...
N.J. Supreme Ct. Affirms That Insurers Liable for $300M in Superstorm Sandy Damages January 27, 2021 By Jim Sams The New Jersey Supreme Court on Wednesday ended an effort by Lloyd’s of London syndicates and other insurers to escape...
Lloyd’s of London Steps Back From Coal in First Climate Change Policy December 17, 2020 By Carolyn Cohn LONDON — Lloyd’s of London is scaling back its exposure to coal and oil sands, the commercial insurance market said...
Fla. and Okla. Courts Uphold Right to Assign Benefits December 17, 2020 By Jim Sams Appellate courts in Florida and Oklahoma this week upheld the right of policyholders to assign their right to collect benefits...
Lloyd’s, Parsyl to Insure Emerging Market COVID-19 Vaccine Rollout December 15, 2020 LONDON, Dec 15 — Lloyd’s of London and insurtech firm Parsyl have launched a program to insure the distribution of...
Insurers Jostle to Give Dealmakers Cover for When Things Go Wrong December 11, 2020 By Carolyn Cohn LONDON, Dec 11 — A record rebound in merger activity this year and a rise in litigation has brought with...
When $2 Trillion Falls Short, Next 2020 May Be Uninsurable December 8, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...
Lloyd’s of London Sees Global Pandemic Insurance Losses Above Previous Estimate November 18, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
Lloyd’s of London Ditches Plan to Create its Own Electronic Exchanges November 5, 2020 By Carolyn Cohn LONDON — Lloyd’s of London has dropped ambitious plans to set up its own electronic exchanges and will work with...