insolvency News

Boeing Sues Air Force One Supplier for Delays, Ends Contract

Boeing Co. sued a Texas-based company that it says failed to fulfill a contract to design the interiors of replacement planes for Air Force One jets that transport U.S. presidents. Chicago-based Boeing, which was hired by the U.S. Air Force …

Global Insurance Regulators Say Forced Pandemic Payouts Risk Financial Instability

LONDON — Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said. Disputes over cover for businesses struggling to stay afloat during coronavirus lockdowns have erupted …