Commercial Lines

Munich Re Saw COVID-19 Claims Slow Down in Q3

German reinsurance group Munich Re said on Monday that claims related to the coronavirus pandemic have slowed so far in the third quarter but that it expects hits from a series of hurricanes in North ...

British Entertainment Industry Seeks Government Insurance Help

British theaters and live music venues say the show will only go on if the government provides a financial backstop, as the COVID-19 pandemic means they can no longer get commercial insurance. While ...

U.S. Commercial Insurance Prices Continued Robust Climb in Q2 as Uncertainty Mushroomed

U.S. commercial insurance prices continued their robust climb in the 2020 second quarter, rising by close to 10 percent overall compared to the same period a year ago, according to Willis Towers ...

U.S. Insurers Slammed by Natural Disasters Catch Partial Break on Pandemic

As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many ...

Employee Safety, Fraud and Facility Shutdown Among Top Concerns of Midsize Businesses: Report

Not surprisingly, pandemic risks are among the top concerns for midsize businesses in 2020, tying for the No. 3 spot and beating out reputational risks, regulatory issues and risks related to climate ...

The Latest Launches From Metromile and Dovetail

Metromile, a pay-per-mile auto insurer, is teaming with a major auto company to provide car insurance to owners of some of its vehicles. Dovetail, a digital MGA in the small commercial insurance ...

InsurTech NY Is Sponsoring Virtual Industry Job Fair on Oct. 29

InsurTech NY will be holding what it is billing as the first dedicated virtual job fair and networking event for InsurTech startups and the insurance industry. Scheduled for Oct. 29, 2020, the event ...

Cowbell Cyber Expands Into Texas and More

Cowbell Cyber, which uses artificial intelligence to sell cyber cover for small to mid-sized businesses, has expanded into Texas, Ohio, Indiana and Michigan. The company said its Cowbell Prime ...

Insurance Shortfalls Emerge for Covering Demolition of Buildings Destroyed by Riots

Some commercial property owners whose businesses were torched by rioters are learning that they don't have enough insurance to clear away the debris. The StarTribune newspaper reported Monday that ...