Underwriting
State Farm Makes an Acquisition for the First Time
State Farm Mutual Automobile Insurance Co. is acquiring Dallas-based nonstandard auto insurer, GAINSCO, in a $400 million cash transaction. It will be the first time in State Farm's 98-year history ...
Dozens of Businesses Urge U.S. Carriers to Stop Covering Fossil Fuel Producers
A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in fossil fuel producers. In a letter, companies including outdoor-gear producer ...
How Insurance Industry Might Respond if a Pandemic Is an Act of Terror
Imagine a scenario where COVID-19 was manufactured in a lab and was released as an act of terror. Tracey Gibbons, senior vice present, Underwriting, at Third Point Re, considers this possibility ...
The Latest Launches From Neptune Flood, Zurich North America and More
Neptune Flood has expanded the scope of its flood insurance products. Zurich North America launched an Occupational Accident & Employers Work Injury Liability Insurance Policy for nonsubscribers ...
Prediction: Coronavirus Will Have Severe Impact on Social Inflation
Claims inflation for the commercial liability business will increase through 2020, although it was accelerating even before the coronavirus pandemic hit. This trend, known as social inflation, has ...
Will Insurers Appeal UK COVID-19 Insurance Ruling? Businesses Watch and Wait
LONDON — Murray Pulman says he is as tough as they come, but battles with his insurer have left him close to tears after a coronavirus lockdown forced his family-run cafe The Posh Partridge to ...
Canada’s Manulife Will Start Selling COVID-19 Related Travel Insurance Product
Canadian insurer Manulife Financial Corp will restore some coverage for coronavirus-related trip interruptions in a new travel insurance policy that also includes COVID-19 in its emergency medical ...
Insurers, Policyholders, Analysts React to UK’s COVID-19 Business Interruption Ruling
Insurers and observers are weighing in on the ruling by a London court in a test case brought by Britain's Financial Conduct Authority (FCA) to clarify insurance coverage for COVID-19 related ...