Risk
Pandemic Bonds Prove Better for Investors Than Stricken Nations
To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of "pandemic bonds" several years ago: the idea was to leverage private capital ...
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 ...
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 & ...
Lloyd’s Shuts Down London Underwriting Room Over Coronavirus Crisis
After conducting a successful stress test of its electronic trading system last week, Lloyd's has made the decision to close its underwriting room in response to the coronavirus outbreak. As a ...
Consumer Groups Call for Auto Insurance Premium Offsets as Coronavirus Slashes Driving
The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a sharp reduction in auto insurance claims. Two consumer groups want to make sure that ...
U.S. Life Insurers Relying on Waiting Periods to Curb Their Coronavirus Risks
U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have traveled to regions with widespread outbreaks, industry experts said. Life ...
N.J. Bill Would Make Insurers Cover COVID-19 Business Interruption Claims
A proposed New Jersey bill, which aims to create business interruption insurance coverage for COVID-19 related claims despite virus exclusions in many policies, has drawn concern about the ...
Future InsurTech Venture Financings Could Face a Coronavirus Slowdown
InsurTech venture capital financings in the pipeline appear to be going forward, but the likelihood of future deals could be an open question in light of the coronavirus pandemic, according to an ...