LONDON, March 25 — When the pandemic is over, the brokers of Lloyd’s of London could haggle with underwriters from home in their underpants, and ditch their pinstripes at the office. A trade body representing brokers took a swipe at …
Business interruption was rated as the most dire risk to global businesses in 2020, according to risk management experts in 92 countries surveyed by Allianz Global Corporate & Specialty. Allianz said in its annual Risk Barometer report that business interruption …
NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable to unload their cargo. The pandemic …
SEDAN, Kan. (AP) — Greetings from Chautauqua, the only county in Kansas where COVID-19 isn’t an emergency. This bucolic and remote county, nestled on the Oklahoma border 100 highway miles southeast of Wichita, is the only place in Kansas that …
COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require mandatory coverage in case visitors fall ill from the coronavirus. Airline bookings are on the rise in some regions, driving …
NEW YORK — U.S. insurers are strengthening language in policies that cover business losses to protect them from future claims related to the coronavirus pandemic or other widespread illnesses that disrupt operations, industry sources say. New policies and renewals now …
The upcoming anniversary of COVID-19 shutdown orders may reveal whether a significant number of policyholders have been waiting on the sidelines before suing their insurers for business-interruption losses. Holding off on legal action may make sense, as insurers are winning …
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces “brand damage” from a legal dispute over policy wordings for pandemic-linked claims. Hiscox shares plunged 13% …
Employees at General Motors, Toyota Motor, Target Corp, and Macy’s Inc in Texas will keep face masks on at work, the companies said on Tuesday, even as the U.S. state lifted most of its coronavirus curbs allowing businesses to reopen …
FRANKFORT, Ky. (AP) — Legislation that would provide broad protections to shield Kentucky businesses from coronavirus-related lawsuits won approval from the state Senate after a long debate Monday evening. Senate President Robert Stivers described the measure as a necessary step …