P/C Insurance Survey: 55% Back Worker Presumption; 54% See Interrupt Cases Failing

A slight majority (54%) of property /casualty insurance industry professionals think insurers will succeed in defeating legal and political attempts to force them to pay business interruption claims from the coronavirus pandemic. A slight majority (55%) also believe that that …

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Guy Carpenter Names Lawrence from Willis Towers Watson as Head of GC Fac UK

Guy Carpenter & Co., the reinsurance brokerage division of Marsh & McLennan Cos., announced the appointment of Henry Lawrence as a managing director, GC Fac UK, effective August 17. Lawrence will be responsible for the U.S. region at GC Fac …

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Allianz Acquires P/C, Auto Insurer from Brazil’s SulAmérica for Nearly $600M

Allianz has finalized the acquisition of the automobile and other property & casualty business from SulAmérica in Brazil. This follows the announcement of the deal on August 23, 2019. The transaction enlarges the service offering for customers and grows Allianz’ …

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UK Supreme Court to Consider Landmark Equal-Pay Case Against Walmart’s Asda

A long-awaited equal pay lawsuit at the U.K. Supreme Court could see thousands of mostly female workers obtain better wages from the largest supermarkets and end up costing the chains as much as 8 billion pounds ($10.1 billion). The Supreme …

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U.S. Targets Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions

Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S. sanctions have …

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China Braces for Continuing Floods in One of Worst Rainfall Seasons on Record

China is preparing for flooding in its northern regions that could potentially hurt crop output amid torrential rain that’s lasted over a month and caused billions of yuan in economic damage. The floods have killed 141 people and affected more …

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South Carolina Halts Late-Night Alcohol Sales at Bars, Restaurants

In an effort to stem South Carolina’s raging coronavirus outbreak, particularly among young adults he says are gathering in unsafe groupings, Gov. Henry McMaster is shutting off the late-night sale of alcohol at bars and restaurants across the state. McMaster …

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