Commercial Lines
Was COVID-19 Really a Business Interruption Wake-Up Call?
The COVID-19 pandemic has been a wake-up call for the insurance industry in how it approaches cover for non-damage business interruption (NDBI). This is according to Lloyd's Chief Executive John ...
Executives On The Move at Hamilton Insurance Group and Great American
Hamilton Insurance Group hired an executive to fill a new position focused on expanding its U.S. Specialty insurance business reach. Great American promoted an executive within its bond division.
Aon CEO Case Recognized for Advancing LGBTQ Equality
Aon CEO Greg Case has been recognized for advancing the equality of LGBTQ+ employees and individuals. Specifically, Case was named the No. 1 ally on the INvolve OUTstanding LGBT+ Ally Executives list ...
COVID-19 Drives More Than Half of AXIS Capital’s Q4 CAT Loss Estimate
AXIS Capital Holdings Ltd. reported approximately $200 million in preliminary fourth quarter catastrophe losses, more than half of which stem from the COVID-19 pandemic. The Bermuda-based specialty ...
UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims
Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts after Britain's highest court ruled many policies should cover ...
Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims
Insurers, policyholders and industry observers have issued comments on the UK Supreme Court's ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 ...
UK Insurance Ruling Is ‘Massive Boost’ for Businesses: Hiscox Action Group
A UK Supreme Court insurance judgment substantially in favor of policyholders will be a "massive boost" for British businesses currently suffering from a third government lockdown, the Hiscox Action ...
Electric Vehicle, Lithium Ion Battery Fires Put 1st Responders at Risk: NTSB
Electric vehicle fires pose safety risks to first responders and guidelines from manufacturers about how to deal with them have been inadequate, according to U.S. investigators. There are also gaps ...
American Family Acquiring InsurTech Bold Penguin
Madison, Wisc.-based American Family Insurance announced Thursday that it is acquiring Columbus, Ohio-based Bold Penguin, an InsurTech that simplifies the process of obtaining small business ...