Risk
The Latest Launches From Markel, Coalition and AIR Worldwide
Markel Specialty is launching Risk Solution Services, its newly expanded loss control department. Coalition and Q6 Cyber will partner on a new initiative designed to enhance cyber underwriting. AIR ...
Arch Capital Pretax Cat Losses Could Hit $225M, Driven by COVID-19 Claims
Arch Capital Group Ltd. has estimated a range of pretax catastrophe losses of $205 million to $225 million in the second quarter of 2020 across its property/casualty insurance and reinsurance ...
Google Suit Alleges Tracking in Apps Even When Users Opt Out
Alphabet Inc's Google records what people are doing on hundreds of thousands of mobile apps even when they follow the company's recommended settings for stopping such monitoring, a lawsuit seeking ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...
Travelers Cautions Q2 Pretax Cat Losses Will Hit $854M
The Travelers Companies Inc. has become the latest P/C carrier to report sizable catastrophe losses for the 2020 second quarter. Estimated pretax catastrophe losses for Q2 reached $854 million, or ...
Earliest ‘F’ Named Storm Drops $400M In Insurance Losses: Estimate
Last week, Tropical Storm Fay became the earliest "F" named storm in the historical record, Karen Clark & Company reported yesterday, estimating that the storm will mean roughly $400 million in ...
Buckle Plans to Run Its Carrier as a ‘Digital Front’
Recently, Buckle made an acquisition that helps it expand in interesting ways. Buckle, a digital seller of rideshare insurance, bought Gateway Insurance Company from carrier Atlas Financial Holding ...
Insurer Capital Strength Could Suffer With COVID-19 Second Wave: S&P
Insurers largely withstood the first wave of COVID-19 thanks to their capital strength. They may not be so lucky when a second wave comes, S&P Global Ratings said in a new report. "A second wave ...