Commercial Lines
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 ...
Responding to the Impact of COVID-19 on Workers Compensation
The workers compensation system has faced extraordinary challenges in the past 12 months. They just aren't the same issues we thought we would be addressing when the pandemic hit the U.S. in March ...
Climate Change to Blame for One-Third of U.S. Flood Losses Over Past Three Decades
Climate change is to blame for more than one-third of U.S. flood losses over the past three decades, according to a new study from Stanford University researchers. The study, published in the journal ...
Data Analytics Startup Confianza Makes Its Debut
Confianza has launched – a new data analytics company focused on smaller insurers. Two insurance industry veterans are behind the New Mexico company's launch. One co-founder – Jeffrey Glazer – ...
Ship Insurers Ready to Hike Rates After Red Sea Violence
Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after a series of incidents that have hit vessels around Saudi Arabian waters, industry sources said. The ...