Special Coverage: COVID-19

Germany’s BioNTech Settles With US Agency, UPenn Over COVID Vaccine Royalties

Posted: Dec 27, 2024

BioNTech has entered into two separate settlement agreements with the U.S. National Institutes of Health and the University of Pennsylvania over the payment of royalties related to its COVID-19 vaccine, the company said in filings. The German company, which partners …

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California Labor Commissioner Fines Luxury Resort $4.4M for Worker Recall violations

Posted: Dec 23, 2024

The Labor Commissioner’s Office fined the Maybourne Beverly Hills $4.4 million for violating California’s Worker Recall Law. The LCO issued the fine in response to the a luxury resort’s failure to rehire employees who were laid off during the COVID-19 …

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California Labor Commissioner Fines Luxury Resort $4.4M for Worker Recall Violations

Posted: Dec 23, 2024

The Labor Commissioner’s Office fined the Maybourne Beverly Hills $4.4 million for violating California’s Worker Recall Law. The LCO issued the fine in response to the a luxury resort’s failure to rehire employees who were laid off during the COVID-19 …

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NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants

Posted: Dec 18, 2024

NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North ...

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Ruling on Field Stands: Philadelphia Eagles Denied Covid-19 Insurance Claim

Posted: Dec 16, 2024

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Eastern …

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Ruling on Field Stands: Philadelphia Eagles Denied COVID-19 Insurance Claim

Posted: Dec 16, 2024

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the federal district for Eastern …

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NC Supreme Court Bucks Trend, Finds COVID Caused Physical Loss to Restaurants

Posted: Dec 16, 2024

Courts across the country have overwhelmingly ruled in favor of insurance carriers in claims disputes following the government-ordered closures of businesses during the COVID-19 pandemic. The North Carolina Supreme Court last week bucked that trend, becoming just the second state …

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Large UK Insurers to Report Daily Cash Positions During Crises Under New Proposals

Posted: Dec 11, 2024

Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on Wednesday by the Prudential Regulation Authority, after it identified information gaps during recent market turmoil. The global COVID-19 pandemic in …

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Aon appoints Anne Corona as CEO of Enterprise Clients & Global Chief Commercial Officer

Posted: Dec 03, 2024

Aon, the global insurance and reinsurance broker, has named Anne Corona as the Chief Executive Officer (CEO) of Enterprise Clients and Global Chief Commercial Officer, effective January 1st, 2025. This appointment aligns with the firm’s strategy to advance its commercial capabilities by deepen...

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West Haven Gains $1 Million From Insurance for Employees’ Theft of Covid Funds

Posted: Dec 02, 2024

The Connecticut city of West Haven said it is being reimbursed more than $1 million from its insurer to cover the cost of federal pandemic relief funds stolen three years ago by two city employees. Then-state Rep. Michael DiMassa and …

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Unprofitable Insurance: Tail Effect Hits Auto Lines

Posted: Nov 26, 2024

Unprofitable Insurance: Tail Effect Hits Auto Lines Auto Insurance ClareCarroll1 Tue, 11/26/2024 - 15:30 In the face of ever-increasing premiums, auto owners are foregoing coverage, taking higher deductibles and not filing claims. This marks a...

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China’s untapped personal & health insurance market to unlock growth opportunities: BCG

Posted: Nov 26, 2024

China’s personal insurance sector is predicted to grow in the range of 5% to 10% by 2035, a potential expansion primarily driven by the relatively untapped market for pension and health insurance in the country, according to a recent report by BCG. With an ageing population, increased health a...

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3 Key Workplace Challenges Reshaping Business

Posted: Nov 20, 2024

3 Key Workplace Challenges Reshaping Business Talent Gap ITL Editorial Team Wed, 11/20/2024 - 10:07 Technology disruption, skills gaps and workplace conflict reshape modern work environments amid unprecedented change. Novembe...

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Philadelphia Eagles Seek to Extend Covid-19 Business Insurance Bid Into Overtime

Posted: Nov 19, 2024

The Philadelphia Eagles football organization wants to force its case for Covid-19 business interruption insurance against insurer Factory Mutual Insurance Co. into overtime, arguing that its case is unlike any other that already has been decided. The Pennsylvania Supreme Court …

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Michigan Jury Awards $12M to Woman Fired for Refusing to Get COVID Vaccine

Posted: Nov 12, 2024

DETROIT (AP) — A jury awarded more than $12 million Friday to a woman who lost her job at a Michigan insurance company after declining to get a COVID-19 vaccination. Much of the award — $10 million — is for …

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