Underwriting
Fitch Changes Allstate’s Rating Outlook Due to Life Insurance/Coronavirus Concerns
Allstate has been hit with a downgraded rating outlook from Fitch Ratings, driven by the global coronavirus pandemic and the uncertainty it creates in the life insurance business. Fitch said it ...
Lloyd’s Asks Members for Estimates of Coronavirus-Related Losses
Lloyd's of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand ...
Coronavirus Fallout: EU Regulators Ask Firms to Delay M&A Antitrust Filings
European Union regulators have asked companies seeking to complete their desired mergers to delay submitting antitrust filings due to the coronavirus outbreak. That could affect the timelines of ...
Industry Body Warns Most British Companies Not Covered for Coronavirus Closures
Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday. The government recommended on Monday that ...
Insurance Information Institute Will Brief State Regulators on Coronavirus P/C Insurance Impact
The Insurance Information Institute will brief state regulators this week on the financial impact/policy coverage issues raised by COVID-19 in the U.S.'s property/casualty insurance markets. The ...
Banks Still Lend After Floods; Insurers Are Backing Out
Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots. But while banks have been ...
British Insurers No Longer Sell Travel Insurance to New Customers
British insurers Admiral , Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday. "The ongoing global situation with coronavirus means ...
Italy’s Generali Will Create Fund to Help Countries Combat Coronavirus
Italy's biggest insurer Generali on Friday joined a rising number of companies that have rushed to provide funds to fight the coronavirus crisis. Italy has been hardest hit by the outbreak in Europe, ...