LONDON: Premiums for directors' and officers' liability insurance surged in the second quarter, broker Marsh said today, as insurance underwriters fea...
Premiums for directors' and officers' liability insurance surged in the second quarter, broker Marsh said today, as insurance underwriters fear the coronavirus pandemic will lead to hefty litigation claims.
Risk modelling company Praedicat said that by mid-July, more than 200 claims had been filed in U.S. courts against companies allegedly responsible for introducing and spreading Covid-19 in the United States. Marsh's survey found that overall, global commercial insurance rates rose 19% in the second quarter. The rate rise was the highest since Marsh began its commercial insurance rates survey in 2012.
Lloyd's of London estimates non-life insurers globally will pay US$100 billion in Covid-19-related claims this year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
London police say 'service acceptable' after racism complaint over drugs search, smashed car window | Malay MailLONDON, Aug 9 — Police in London have defended smashing a man's car window and arresting him on suspicion of selling drugs only to find no drugs in his car, after the man complained of discrimination. The issue of how British police use “stop and search” powers, particularly allegations that...
Read more »
Police seize over 100 suspected stolen bikes at London address | Malay MailLONDON, Aug 8 — Police have seized 118 stolen bicycles at a single address in north London, an unusually large haul even in a city where bike theft is endemic. The bicycles are worth an estimated total of more than £30,000 pounds (RM163,991), the Metropolitan Police said, adding that two men...
Read more »
Iran closes down newspaper after expert doubts official coronavirus tollsAuthorities refrain from announcing the accurate virus tolls in Iran fearing it would unsettle the public. FMTNews
Read more »
Philippine trash trawlers earn little from virus-boosted surge in plasticsMANILA (Reuters) - Virgilio Estuesta has picked through trash in the Philippines' biggest city for four decades, and is noticing an unusually large amount of plastics during his daily trawl of about 15 km (9.3 miles).
Read more »
No buyers for Sanglang seafood because of virus fear, say fishermenSales have dropped as middlemen and the public have refused to buy their catches. FMTNews Covid19
Read more »
US sets record as Covid-19 cases surpass 5 millionWith one out of every 66 residents infected, the country leads in virus cases globally. FMTNews Covid19 5Million US UnitedStates
Read more »