News Formal

Insurers fret as company bosses face coronavirus legal claims

  • 📰 Reuters
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 97%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Insurers are increasingly worried about shareholders, employees or customers bringing coronavirus-related claims against company executives and are considering excluding the virus from policies which protect the bosses, industry sources say.

FILE PHOTO: The interior of the Lloyd's of London building is seen in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay

“An uptick in litigation targeting directors and officers across industry sectors is one likely, and unwelcome, consequence” of the coronavirus pandemic, said James Whitaker, partner at law firm Mayer Brown. But recent years have proved challenging as legal cases and awards mounted, pushing up premiums and reducing the amount of cover offered, and the coronavirus outbreak would likely exacerbate this, she said.

Meanwhile, a securities fraud class action was filed against Norwegian Cruise Line Holdings, its chief executive and chief financial officer on March 18, claiming the company made misleading statements about the virus to encourage customers to book cruises.Carnival Corp also said this week that it had received, and expected to continue to receive, lawsuits from passengers aboard the coronavirus-stricken Princess cruises and additional lawsuits stemming from COVID-19.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Good

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 2. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Pressure Mounts on Insurance Companies to Pay Out for CoronavirusLawmakers and regulators are pressuring insurers to go beyond the legal language of policies to get cash to Americans amid the mounting cost of shutdowns from the coronavirus pandemic. I am a Chinese and the Chinese government's behavior is shameful. Now there are many people who have lost their loved ones because of this virus. I am very sorry for this. I have a lot of masks and other medicalsupplies here. If you need them, please contact me.
La source: WSJ - 🏆 98. / 63 Lire la suite »

Coronavirus Exacts a Toll From Business Winners, TooCoronavirus is fueling heavy demand at companies from FedEx to Facebook. But more business isn’t always good business in a pandemic. Right
La source: WSJ - 🏆 98. / 63 Lire la suite »

Here are the companies mass hiring during the coronavirus pandemicHere is a list of companies that are looking to hire additional employees to meet increased demands onset by the virus. No
La source: USATODAY - 🏆 100. / 63 Lire la suite »