Tag: Top Story

Capital and Risk, Insurance, Regulations

Vermont Supreme Court Revives COVID-19 Business Interruption Insurance Claim

September 26, 2022

Via: Insurance Journal

The Vermont Supreme Court has kept alive a COVID-19 business interruption loss claim by major shipbuilder against a group of reinsurers. The state’s high court ruled that the case brought by Huntington Ingalls Industries Risk Management and its captive insurer […]

Activity, Insurance

WHO to Form COVID Insurance Scheme for Vaccine Side-Effects in Poor Nations

October 29, 2020

Via: Insurance Journal

BRUSSELS – A vaccine scheme co-led by the World Health Organization is setting up a compensation fund for people in poor nations who might suffer any side-effects from COVID-19 vaccines, aiming to allay fears that could hamper a global rollout […]

Capital and Risk, Macroeconomic

Fed Leaders Say Economy Needs More Federal Help and More People Wearing Masks

August 4, 2020

Via: Insurance Journal

The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses and broader use of masks to better control the virus, U.S. central bankers said on Monday. The calls […]

Activity, Insurance

Non-Life Insurance Claims from Pandemic to Surpass 9/11 Claims: Willis Towers Watson

May 1, 2020

Via: Insurance Journal

Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the 9/11 attacks. A report by the […]