6/11/2020 | This week in Business Insurance Risk Management Topics, Lawmakers consider bill to limit liability in pandemic which would help insurers facing a tide of claims. Meanwhile, a Coronavirus-related suit against Fox News dismissed and Insurtech deals up, funding down amid pandemic: Willis – Editor
A coronavirus business interruption suit filed against Berkshire Hathaway Inc. alleges that virus exclusions that have been used by insurers since 2006 should be ruled invalid because the policy wordings organizations that devised them made misrepresentations to regulators.
A putative class-action directors and officers liability lawsuit filed in federal district court charges that a biopharmaceutical company falsely claimed a 100% accurate COVID-19 test while company officials made millions dumping their stock.
A small business group has launched a £40 million ($50.06 million) insurance claim against insurer Hiscox over disputed cover for business disruption caused by the coronavirus pandemic, it said on Monday.
Aon PLC on Monday said it has formed a coalition of Chicago-area employers and organizations from a range of industry sectors to work together to help move the economy forward in the recovery phase of COVID-19.
Louisiana lawmakers are considering a bill that would limit liability on several fronts during the COVID-19 public emergency, limiting the ability for people to sue businesses over virus exposure.
A lawsuit filed against Fox News for its allegedly “erroneous” and “incomplete” coronavirus coverage violates its First Amendment protections, a state court ruled in dismissing the litigation.
By Claire Wilkinson North American commercial insurance buyers will continue to pay more across most lines of business and see their coverage terms and conditions scrutinized, as the industry braces for a potential loss of up to $80 billion from COVID-19, according to a report issued Thursday by Willis Towers Watson PLC. Despite the decline […]
The employer that brought free cooking classes and ping pong tables to the office is giving employees a $1,000 expense account to spiff up their home workspaces, according to a letter addressed to “Googlers” from CEO Sundar Pichai.
Lawmakers in New York introduced legislation that would provide death benefits for public employees who have died after contracting COVID-19 in the workplace.
Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios.