The Hong Kong government introduced in March the Insurance (Amendment) Bill 2020[here]. The bill provides a regulatory framework for insurers to transfer risk to the capital markets by issuing insurance-linked securities in Hong Kong through special purpose insurers, or SPIs. Special purpose insurers are essentially the same as the dedicated special purpose vehicles that are authorized in other jurisdictions to issue insurance-linked securities, or ILSs.

UK sets up $647 million emergency insurance fund for film and TV

Jul 29, 2020

As filmmakers try to get back to work, they are finding some insurers have stopped providing the COVID-19 coverage they need to secure financing.

The government said the insurance fund will be available to all productions made by companies where at least half the production budget is spent in the UK, and is estimated to cover more than 70% of the film and TV production market.

California scrutinising Amazon’s treatment of workers during Coronavirus outbreak

Jul 29, 2020

The lawsuit alleges unsafe practices such as having workers share equipment such as freezer suits and failing to allow extra time for safe social distancing.

More S.African insurers yield to customer demands to pay COVID BI claims

Jul 29, 2020

The FSCA and the Prudential Authority, which oversees the strength of the financial-services industry, last week struck a deal with insurers to consider once-off payments to help keep customers afloat, while courts decide whether insurers are correctly interpreting the terms of contracts.

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