International News

From Quills to Qwerty: Lloyd’s Underwriters Adapt to Home Working

LONDON — Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them. Working at home due to the coronavirus lockdown, they have abandoned the normal …

Lloyd’s Faces COVID-19 Claims from Multiple Insurance Lines, Says CEO Neal

Lloyd’s insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market’s 2019 results. Neal said it is too early for the market to assess the …

Scooter Companies Pull Out of Cities Worldwide Amid Pandemic

Dockless scooter companies charged into cities in 2018, promising a mobility revolution with cheap, clean rides and billions in venture capital backing. Yet they soon faced roadblocks, including shaky business models, safety concerns, and fast-moving city regulators. At the start …

Insurance Market Lloyd’s of London Returns to Profit, Braces For Coronavirus

Lloyd’s of London reported its first annual pretax profit in three years on Thursday, thanks to tighter underwriting and robust investment returns, and signaled it was well prepared to cope with the cost of the coronavirus pandemic. The 330-year-old insurance …

The Pandemic Has Started Weakening the World’s Weather Forecasts

The pandemic that has idled scores of commercial flights is having a little-noticed consequence for meteorologists, whose forecasts rely in part on data collected from planes. That means a crucial eye in the sky has weakened just as spring flood …

North America’s Best Restaurant Remains Open in AMLO’s Mexico

Finding a table at Mexico City’s exclusive Pujol restaurant has never been easier. Chef Enrique Olvera’s famous restaurant is still open for business amid the coronavirus pandemic, mainly because the Mexican government hasn’t said it should close. Usually booked for …

Croatia Quake Injures 17 Amid Partial Coronavirus Lockdown

ZAGREB, Croatia — A strong earthquake in Croatia on Sunday caused panic, the evacuation of hospitals and widespread damage including to the capital’s iconic cathedral — all amid a partial coronavirus lockdown. A 15-year-old was reported to be in critical …

Nigeria Has Chloroquine Poisonings After Trump Praised Drug

Nigeria reported two cases of chloroquine poisoning after U.S. President Donald Trump praised the anti-malaria drug as a treatment for the novel coronavirus. Health officials are warning Nigerians against self-medicating after demand for the drug surged in Lagos, a city …

Swiss Re, Zurich Insurance in Talks With Watchdog on Virus Shock

Switzerland’s top insurance companies are in talks with the financial regulator about the impact of the coronavirus outbreak on their capital buffers and their business, according to people familiar with the matter. The watchdog contacted Swiss Re AG, Zurich Insurance …

Coronavirus Lives Up to 24 Hours on Cardboard, 3 Days on Stainless Steel

The virus that causes coronavirus disease 2019 (COVID-19) is stable for several hours to days in aerosols and on surfaces, according to a new study published in the New England Journal of Medicine. The scientists found that severe acute respiratory …

International News Archives by Month