Claims / Legal
Lloyd’s, AIG, AXA Sued by Native American Casino Owner Over Coronavirus Losses
A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it is incurring from shutting down its casinos during the coronavirus pandemic are ...
InsurTechs Focused on Claims Handling, Business Insurance Raise New Venture Funding
A Berlin-based InsurTech that provides artificial intelligence for cognitive claims handling pulled in an additional $13 million for a Series A financing. A Cincinnati startup raised an ...
Insurers Gain Reprieve With Olympics Delay Rather Than Cancellation
Delaying the Olympics is likely to cost insurers much less than canceling the Tokyo Games altogether, with a chance that some of those involved may not have policies specifically covering a ...
ISC, an InsurTech and MGA, Makes Fourth Acquisition Since 2016 Launch
Integrated Specialty Coverages, an InsurTech startup and managing general agent, recently acquired Access Partners Insurance Services, a multiline wholesale broker. Neither side disclosed financial ...
Specialty P/C Insurers More Likely to See Business Interruption Losses: Analyst
The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst. KBW's Meyer Shields ...
Restaurant Suit Tests Business Interruption Insurance for Coronavirus Shutdowns
A restaurant in the heart of the New Orleans tourism district filed a lawsuit on Monday asking a state judge for a declaratory judgment that its business interruption policy will cover its damages if ...
How Silence May Impact Commercial Insurers on COVID Cover
Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an InsurTech that specializes in analyzing insurance policy language suggested recently, explaining ...
Malpractice Claims Climbing Higher for Architects and Engineers, Insurers Say
Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first upswing in claims activity in several years, Ames & ...