Underwriting
15 U.S. Minor League Baseball Teams Sue Insurers for Pandemic Business Losses
Fifteen U.S. minor league baseball teams on Tuesday sued several insurers for not paying out claims for business interruption losses after the cancellation of "much or all" of the league's season as ...
The Latest Launches From AXA XL and Hiscox
AXA XL added a new benefit to its North American construction insurance to help general contractors make informed decisions about COVID-19. Hiscox partnered with an InsurTech to give short-term ...
Immuta Raises $40M to Expand Reach of Automated Data Protection Tech
Immuta, a company whose technology automates the process of controlling, protecting and managing data, has raised $40 million in new venture capital financing. Plans call for using the money to fuel ...
Citing COVID-19 Concerns, APCIA Will Move 2020 Annual Meeting Online
The American Property Casualty Insurance Association plans to move its 2020 annual meeting online because of continued safety concerns about the ongoing coronavirus pandemic. APCIA President and CEO ...
Firefighters Battle Three Major Wildfires in Arizona
Hundreds of firefighters continued to battle three major wildfires burning in forested mountains and desert hills across Arizona. Crews were fighting fires in the Santa Catalina Mountains in the ...
A UK Insurance Broker Secures $2 Billion Loan for Acquisitions
UK insurance broker The Ardonagh Group has secured the largest-ever loan from a group of private credit funds led by Ares Management, according to a statement by the lender. The group is refinancing ...
A.M. Best Dings Credit Outlook for Navigators’ EU Business
Navigators' international arm must deal with an outlook downgrade from A.M. Best due to uncertainties about its post-Brexit business plan in the European Union under new owner The Hartford Financial ...
1 in 4 U.S. COVID-19 Deaths Are Coming From Nursing Home Residents
Nursing home residents account for nearly 1 in 10 of all the coronavirus cases in the United States and more than a quarter of the deaths, according to an Associated Press analysis of government data ...