Risk
California Orders Carriers to Refund Premiums to Drivers, Businesses Slammed by COVID-19
California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to return insurance premiums to consumers and businesses and provide financial relief during the COVID-19 ...
GEICO, The Hartford, Farmers, Erie Insurance Among Additional Carriers Pursuing Customer Coronavirus Relief
A new round of insurers has implemented auto insurance rebates, premium reductions, donations and other measures to help customers impacted by the coronavirus pandemic. Their actions follow earlier, ...
Italy’s Generali Plans Staggered Dividend Payout Despite Regulator Resistence
Italy's biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout of 0.96 euros per share, citing its strong capital position. The announcement ...
Claims Professionals Adjust to a Landscape Changed by Coronavirus Pandemic
The coronavirus pandemic has not shut down the day-to-day business of adjusting claims, but the workload is lighter and claims managers are coping with evolving government regulations and guidelines. ...
Insurance Firms Begin Covering Charter Flights Carrying Gold
Insurance firms have started covering charter flights to carry gold, helping to ease logjams in the bullion supply chain that caused prices to diverge sharply in different markets, the London Bullion ...
P/C Insurance Industry Is Least Affected by Coronavirus Pandemic: Standard & Poor’s
P/C insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled its analysis for March, ...
InsurTechs Focused on Structural Data, Vehicle Title Digitization Attract Financing
An American Family spinout raised $8 million in Series A financing that will help expand the reach of its residential and commercial property characteristic data and predictive analysis products. ...
Allianz Warns Facilities Shut Down During Pandemic Pose New Risks
Many companies are having to shut down their premises temporarily at short notice due to the Covid-19 pandemic. According to the risk consultants of Allianz Global Corporate & Specialty (AGCS), ...