Risk
The Hartford Watches Closely for COVID-19 Financial Impact After Relatively Sane Q1
The Hartford's 2020 first-quarter numbers are yet another example of the coronavirus pandemic not yet affecting underwriting results in a major way. But net income took a big hit. First-quarter net ...
U.S. Insurance Industry Pushes for Government-Backed Business Pandemic Coverage
The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar ...
S&P Predicts Failure for COVID-19 Business Interruption Retroactive Coverage Efforts
Standard & Poor's said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: ...
Venture Funding Drop Leaves Digital Insurers Vulnerable to Takeover
Some digital insurers will be in serious jeopardy as standalone companies in the months ahead, thanks in part to a big coronavirus crisis-related drop in venture funding. That reality, in turn, could ...
U.S. Small Businesses See Big Increase in Phishing Emails: Munich Re/HSB Survey
U.S. small businesses have experienced a worsening cyber vulnerability over the last year: Suspicious emails seeking money. Nearly 60 percent of business executives polled in a new survey from Munich ...
The Latest Launches From AXA XL and W.R. Berkley Corp.
AXA XL Risk Consulting launched a new risk assessment service designed to continue evaluating loss prevention across business lines during COVID-19 restrictions. W.R. Berkley Corp.'s Berkley Program ...
Updated Small Business COVID-19 Loss Estimates Dwarf Insurance Premiums
Small businesses are confronting astoundingly large losses relating to the coronavirus pandemic that dwarf commercial property premiums in unprecedented ways, according to an updated estimate from ...
Criminal Liability Risks Loom for Some U.S. Firms Over Coronavirus Loans: Mnuchin
The U.S. Treasury Department will audit every loan for more than $2 million given under the Paycheck Protection Program for businesses hurt by the coronavirus fallout, Treasury Secretary Steven ...