Commercial Lines
AIG Promotes Two Execs in Communications/Government Affairs
American International Group made two promotions affecting its communications and government affairs functions. The insurer said that Lucy Fato would take on the newly-created position of Global Head ...
Zurich Insurance: COVID-19 Claims Won’t Make Huge Impact
Zurich Insurance Group does not expect property claims triggered by the COVID-19 pandemic to materially affect the group, Europe's fifth-largest insurer said on Thursday, adding that it planned to ...
Generali’s Profit Surpasses Expectations; Dividend Payout Delayed
Italy's top insurer Generali said on Thursday it would delay the payment of the second tranche of 2019 dividends to next year to comply with regulatory demands, after reporting nine-month operating ...
How Lloyd’s Underwriters Are Viewing U.S. Property Risks Today
While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd's market who were in the process of increasing property insurance rates when the pandemic hit, ...
Less Driving = Fewer Comp Claims: NCCI Report
The COVID-19 pandemic comes with a bright spot for workers compensation insurers: Fewer workers are being injured in motor vehicle accidents. A research brief issued by the National Council on ...
COVID Challenges of Workforce Mgmt., Risk Aggregation Continue for P/C
Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face challenges related to virus-related insurance losses and ...
Companies Hope to Take California Gig Worker Classification Law Nationwide
Gig economy companies want to turn California voters' decision to make ride-service drivers contractors into a model for the nation, as several states consider requiring drivers from Uber, Lyft and ...
InsurTech CoverHound Acquired by Broker Brown & Brown
Another InsurTech has been acquired. This time, insurance broker Brown & Brown, Inc. bought CoverHound, a digital property/casualty insurance marketplace, and CyberPolicy, CoverHound's small ...