Commercial Lines
Partnerships – Embedded Services Edition: The Zebra/Cinch and Coalition/Intuit
Insurance comparison site The Zebra has partnered with Cinch Home Services to provide home services to P/C insurance policyholders nationwide. Coalition, a cyber insurance managing general agency and ...
Keystone XL Pipeline Project Canceled After Biden Blocks Project
A $9 billion oil pipeline that became a symbol of the rising political clout of climate change advocates and a flash point in U.S.-Canada relations was officially canceled on Wednesday. Keystone XL, ...
AXA Reverses Course, Offering Settlement Addressing COVID-19 BI Claims for French Restaurant Owners
AXA has offered a settlement to 15,000 French restaurant owners that purchased non-damage business interruption insurance after previously denying coverage during the 2020 COVID-19 lockdowns. AXA ...
U.S. Cyber Insurance Premiums Doubled Over 5 Years: Aon
U.S. cyber insurance premiums doubled over the previous five years, climbing 21 percent in 2020 alone, a new Aon study has found. At the same time, loss ratios have soared. Premiums in the sector ...
Swedish Activist Investor Buys Big Stake in UK Insurer Aviva
Swedish activist investor Cevian Capital AB has bought almost 5% of Aviva Plc, placing it among the insurer's top three holders. Christer Gardell, managing partner at Cevian, said the Stockholm-based ...
U.S. Commercial Insurance Price Hikes, as Predicted, Start Slowing Down in Q1
U.S. commercial insurance price hikes showed no sign of letting up in the 2021 first quarter, though a predicted moderating of the increases is starting to happen. Willis Towers Watson calculated ...
Hackers Stole a Single Password to Disrupt Colonial Pipeline
The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month's cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get ...
D&O Liability Cover Will Help Address VW’s $351M Emissions Settlement With Former Execs
Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 ...