Commercial Lines
Between a Rock and a Hard Place: Insurers Struggle With Policy Rewrites
Commercial insurers are engaged in coverage language rewrites en masse this year, but "The Great Policy Rewrite" faces some serious obstacles, a coverage lawyer said recently. Even if carriers are ...
Executives On The Move at Beazley and PartnerRe
Specialist insurer Beazley has fleshed out its U.S. Executive Risk team with new hires in New York, Boston and San Francisco. PartnerRe Ltd. appointed a new Head of Retrocession along with two new ...
The Latest Launches From West Point Insurance Services, Axon and AAIS
West Point Insurance Services debuted a testing and automation service designed for smaller insurance carriers, managing general agents and program administrators. Axon Underwriting Services added ...
P/C Mutual Insurers Improved Results in 2019 Despite Heavy Competition
Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting performance in ...
Path Cleared for COVID-19 Business Interruption Suit in New Jersey
A second judge has ruled that a policyholder's COVID-19 business-interruption claim should proceed, marking an uncommon procedural win for business owners who have seen similar lawsuits dismissed by ...
Insurers, Banks Wait for Regulatory ‘Brexit’ Dividend in UK
Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will ...
Reinsurance Demand Rises, Along with Flight to Quality, Say Industry Experts
Not only has reinsurance buying increased, but there also has been a flight to quality reinsurers by ceding insurance companies, according to several reinsurers and brokers in recent webinars held in ...
EasySend Raises $16M for ‘No Code’ Digitization Platform
InsurTech EasySend has raised $16 million, and the startup will use the money to fuel a global expansion of its AI-based platform designed to help insurers and others digitize their processes without ...