Underwriting
More Firms Use Captives for Their Insurance in a Tightening Market: Marsh
More organizations are using captives for insurance protection and financial flexibility in response to today's risk and insurance landscape. In its 2020 captive report, insurance broker Marsh says ...
Carnival Cruise Pandemic Liability Likely Covered by ‘Death on the High Seas Act’
Carnival Corp. is poised to dramatically curb monetary damages for passengers killed by the coronavirus under the latest court decision to side with the company. If a ruling Monday by a Los Angeles ...
It has been said that the best advertisement for insurance is not having it (or not having enough of it)...
Lloyd’s CEO Neal Predicts Appeal Regarding UK Business Insurance Ruling
Lloyd's of London Chief Executive John Neal said on Thursday he expected a London judgment, which ordered some insurers to compensate struggling businesses for losses during the COVID-19 pandemic, to ...
The Latest Launches From AXA XL and Cowbell Cyber
AXA XL's North America Construction business is launching custom built insurance for a new class of construction business – highly protected projects. Cowbell Cyber, which uses artificial ...
NAMIC Names Merchants Mutual CEO Zak as New Chairman
The National Association of Mutual Insurance Companies named Robert Zak, president and CEO of Merchants Mutual Insurance Company, as its new chairman. NAMIC announced the news on Sept. 23 during its ...
Hippo and Topa Insurance End Their 3-Year Partnership
Property/casualty insurer Topa Insurance Co. and Hippo Enterprises, an InsurTech MGA offering homeowners insurance, announced their mutual decision to end their three-year partnership. The move comes ...
Top Shipping Insurance Group Won’t Cover Russia, Turkish Pipelines Over U.S. Sanctions Risk
The world's largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions. ...
Next Insurance Nails Down $250M Financing Round; $631M Pulled in to Date
Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google's independent ...