The main international news story of 2020 was the March announcement of Aon's proposed merger with Willis Towers Watson. The topic was so interesting to international readers that four of the 15 most-read articles related to the Aon-WTW merger. The EU's announcement in December that it was investigating the merger was also one of the most read articles of the year.
Interestingly, M&A topics were also the main theme for international readers in 2019 and 2018.
The second best-read international article of 2020 also involved Aon – but this time it was about the broker's decision to cut salary by 50% of company-appointed executives in response to the COVID-19 crisis . At the same time, 70% of the global workforce saw their salary cut by 20%, while about 30% of Aon colleagues saw no cuts.
Of course, the COVID-19 pandemic was a main topic of articles in Insurance Journal's most read articles. In third place was an article about a decision by the Wimbledon tennis tournament to spend £ 1.5 million (US $ 2 million) per year on pandemic insurance after the SARS outbreak in 2003. It turned out to be a very good investment .
The best-read articles also feature legal disputes about whether business interruption claims should be paid or excluded. AXA & # 39; s dispute with a French restaurant owner over non-payment of BI claims was the subject of two top 10 articles. An article on one of the first COVID-related lawsuits was published in April about a class action against some of the Canadian top. indemnity insurers for breach of contract for their refusal to pay business interruption claims from the COVID-19 crisis.
At number 11 is an article about the ongoing legal dispute regarding business interruption claims in the UK.
In March, an article (ranked number 10) discusses the inevitable wave of corporate lawsuits over the coronavirus, starting with the phrase: “The coronavirus has disrupted markets, disrupted supply chains and forced quarantines. It is all fertile ground for lawsuits. “The soil has indeed been fertile this year for COVID-related lawsuits.
Lloyd & # 39; s apologizes
Following George Floyd's death in May, Lloyd & # 39; s of London apologized in June for his & # 39; disgraceful & # 39; role in the 18th and 19th century Atlantic slave trade and promised to finance opportunities for black and ethnic minorities. This article was ranked sixth in the list of most read articles. (Editor's Note: Lloyd & # 39; s has worked on cultural issues over the years, in part by building diversity in the marketplace).
Numbers 13, 14 and 15
At number 13, an article appears about the systemic problems facing the Big 4 accounting firms – made evident by two decades of financial disaster from the collapse of Enron Inc. in 2001 until the collapse of Wirecard this year. The article discusses the cultural problem within accounting firms that regulators may find difficult to solve.
At number 14 is an article by two Insurance Journal employees on parametric insurance solutions, discussing how these products can provide alternatives to financing losses that are not possible with traditional insurance products.
And finally, at number 15 comes an article on AIR Worldwide's projection of COVID-19 deaths around the world by the end of March, estimated to be between 10,000 and 30,500. (Editor's note: In December 2020, the number of deaths worldwide is approaching 1.7 million. What a difference nine months has made).
Here are the top 15 international articles for 2020 (since articles about the merger between Aon and Willis Towers Watson dominate three of the top 10 articles, we've included the top 15 articles).
- Aon is going to buy Willis Towers Watson
- Aon executives, 70% of employees are taking pay cuts due to uncertainties about the coronavirus
- Wimbledon shows how pandemic insurance can become vital for sports and other events
- Aon, Willis Towers Watson Shareholders Approve Merger
- French Court orders AXA to pay for COVID-19 losses for restaurant business interruption; AXA promises to appeal
- Update: Lloyd & # 39; s of London apologizes for its "disgraceful" role in the Atlantic slave trade
- Aon and Willis Towers Watson say the merger is all about "getting better, not bigger"
- Update: AXA is paying business interruption claims to restaurants after court ruling
- Canadian insurers face lawsuit over refusal to pay COVID-19 Biz income claims
- Lawsuits against coronavirus companies have started. More to come?
- Update: COVID-19 Business interruption claims are central to the London lawsuit
- Aon's $ 30 billion bid for Willis Towers Watson Faces EU Probe: Reuters
- From Enron to Wirecard – Big 4 accounting firms are still facing systemic problems
- Parametric insurance fills gaps where traditional insurance falls short
- AIR Global Estimates COVID-19 global deaths could rise 10K-30K by the end of March
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