Commercial Lines
Delta Could Bring 2020 Estimated Hurricane Losses Above $26B
Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic ...
Intact Financial Consolidates U.S., Canadian Specialty Biz Under Single Brand
Intact Financial Corp. has officially consolidated its Canadian and U.S. specialty insurance operations under a single brand, an expected action following two acquisitions. The Toronto-based carrier ...
COVID or Not, Most Workers Want Work-From-Home Option to Continue
Nearly nine out of 10 workers want to be able to choose whether to work from home or the office once COVID-19 workplace restrictions ease, and have greater autonomy over their hours, according to ...
J&J’s Contribution to Potential U.S. Opioid Settlement Could Hit $5B
Johnson & Johnson said on Tuesday it will contribute up to $1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing its ...
Hurricane Delta Could Cost Insurers $1.25 Billion: KCC
Hurricane Delta could end up costing insurers close to $1.25 billion, according to a new report from catastrophe risk modeling firm Karen Clark & Company. The loss estimate includes $950 million ...
Executives On The Move at Munich Re, BHSI and Willis Towers Watson
Munich Re Specialty Insurance has a new Chief Underwriting Officer. Berkshire Hathaway Specialty Insurance named an underwriting executive in Ireland. Willis Towers Watson hired a director for ...
Widespread Working From Home Won’t Go Away: Viewpoint
The Covid-19 pandemic has crushed the economy, sent joblessness soaring, and killed over a million people worldwide. But there are a few ways in which the pandemic may prompt society to improve, and ...
Swiss Re, Auto Maker Daimler Launch MGA Focused on Auto and Mobility Insurance
Swiss Re and Daimler Insurance Services are jointly launching a managing general agent focused on automotive and mobility insurance. Dubbed Movinx, the aim of the 50/50 joint venture is to develop ...