Risk
American Family Closes Purchase of Digital Exchange Bold Penguin
Madison, Wisconsin-based American Family Insurance has closed the deal on acquiring digital exchange Bold Penguin, a startup designed to simplify the process of obtaining small business insurance. ...
UK Cites Worsening Political Risks in New Hong Kong Business Guidance
The UK highlighted increasing political risks in its latest guidance on conducting business in Hong Kong, pointedly dropping references to relations with its former colony as "positive" and ...
Insurers, Agents Both Want More Connectivity and Digital Collaboration
Both agents and insurers express strong support for agent-insurer connectivity and digital collaboration in distribution and servicing. Nearly 90 percent of insurers believe it would be useful to ...
Buffett’s Berkshire Hathaway Makes Major Investments in Verizon, Chevron
Warren Buffett's Berkshire Hathaway Inc on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc and a $4.1 billion stake in oil ...
AIG’s P/C Business Books $171M Underwriting Loss
American International Group's property/casualty business booked a $171 million underwriting loss in the 2020 fourth quarter, barely a year after the insurer celebrated the division's return to ...
The Latest Launches From Munich Re/HSB and J.D. Power
Munich Re's HSB has started marketing workplace violence insurance coverage for small to mid-sized businesses. In addition, J.D. Power is launching a real-time auto insurance customer loyalty ...
Texas Bill Would Force Business Interruption Policies to Cover Pandemic Losses
A bill filed in Texas would require business interruption insurance policies to cover losses from a pandemic. Under SB 249, filed by Sen. Charles Schwertner, business interruption insurance would be ...
Investors See Dollar Signs in Denied COVID-19 Insurance Claims
A growing market niche where investors profit from others' legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for ...