While a major overhaul of insurance regulation has been ruled out, and Biden’s primary insurance-related focus is expected to be on healthcare, experts say life and property-and-casualty insurers will also need to prepare for an increase in regulatory attention from the new administration as it rushes to temper the impact of the COVID-19 pandemic.

Airlines ask WHO to back quarantine-free travel after vaccines

Jan 28, 2021

“We can say whatever we want, what we do need is for the WHO to come out and say the same thing, so that it becomes a universal acceptance that once you’re vaccinated you should not have to go through any of these hoops,” Nick Careen, IATA’s senior vice president for passenger matters, said in a briefing.

World Economic Forum: Allianz CEO calls for capital overhaul to help it fund climate transition

Jan 28, 2021

“Today, the regulatory framework we have in Europe has actually disincentivised us helping with the transition,” Oliver Baete said, speaking at a virtual meeting of the World Economic Forum discussing how to finance the low-carbon transition.

Investors sue AstraZeneca over share price drop on covid-19 vaccine testingprice drop on covid-19 vaccine testing

Jan 28, 2021

In the three days after the release of the test results in late November, AstraZeneca’s stock price dropped 5%, according to the lawsuit filed Tuesday by the public employees’ retirement system in Monroe County, Michigan.

Alleging “wrongful acts and omissions” by the company and its chief officers, the pension fund is asking to be allowed to sue on behalf of a class of all investors injured by the share price decline.

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