Underwriting
Commercial Insurers Likely to Endure Major Losses Through Much of 2021: Fitch
While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won't be seen until the ...
EU Regulator Urges National Governments to Provide Insurance for Future Lockdowns
National governments must help provide insurance cover for future lockdowns, the industry's European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage ...
Cryptocurrency Investor Sues Teen for $71.4M Over Alleged Swindle
A U.S. cryptocurrency investor on Thursday sued a suburban New York high school senior, accusing the 18-year-old of being the mastermind and ringleader of a cybercrime scheme that defrauded him out ...
Tesla Sues for Right to Reopen California Factory; Musk Threatens to Relocate
Tesla Inc sued local authorities in California on Saturday as the electric carmaker pushed to reopen its factory there and Chief Executive Elon Musk threatened to move Tesla's headquarters and future ...
Carriers Lost Billions of Dollars in April From U.S. Extreme Weather Events: Aon
Extensive severe weather events in the United States during April cost insurers billions of dollars, according to the latest edition of Aon's Global Catastrophe Recap report. There were 14 killer ...
Progressive Endures Significant Q1 Coronavirus Impact
The Progressive Corp. said its results for the first quarter were "significantly impacted" by the spread of the coronavirus and social distancing and shelter-in-place restrictions. Despite a 30 ...
The Latest Launches From Tokio Marine and Axon
Tokio Marine is partnering with an InsurTech startup to use artificial intelligence as part of its auto damage evaluations. Axon Underwriting Services LLC is debuting a new offering as part of its ...
North America Commercial Coverage Will See Extended Hardening Into 2021
Buyers of North America commercial insurance should see an extended hardening market as well as added pressure on coverage terms and conditions for the rest of 2020 and into 2021, Willis Towers ...