Commercial Lines
Business Interruption Lawsuit Between Law Firm, Travelers Advanced by Federal Judge
A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in refusing to remove its case to state court and ...
American Family Ventures’ New $213M Fund Seeks Early Stage InsurTech Startups
American Family Ventures has launched a new $213 million fund that invests in early stage InsurTech startups. "The insurance industry is embarking on profound transformation," AFV managing director ...
Unusually Harsh California Heatwave Heightens Risk of Wildfires
The current heatwave broiling Californians like no event in decades is also elevating the risk for another potential disaster in the weeks ahead: wildfires. While heat and dry conditions have ...
COVID-19 Uncertainties Likely to Reverse H1 Global Insurance M&A Surge
Insurer mergers and acquisitions climbed higher in the first half of 2020 with a robust 201 completed deals worldwide, up from 197 in the second half of 2019, according to Clyde & Co's "Insurance ...
COVID-19 May Kill Renewal for One University’s Innovative Virus Coverage
After becoming dean of the University of Illinois business school in 2015, Jeffrey Brown worried that politics or a virus would choke off a major source of revenue for his school: Chinese graduate ...
Duck Creek’s Nasdaq Debut Sees Shares Soar From IPO Start
Shares of Duck Creek Technologies Inc soared on their Nasdaq debut on Friday, after the software company serving the property and casualty insurance market raised $405 million in its upsized initial ...
For Personal Auto, an H1 Pandemic Slowdown Boosted Short-Term Profits
As bad as the coronavirus pandemic has been for many insurance lines, personal automobile profits have soared thanks to reduced driving, as quarantines and shelter-at-home restrictions took hold ...
Executives On The Move at Allied World and Marsh
A former Allied World executive signed on with Everest Insurance to lead its Risk & Ceded Reinsurance unit. Marsh appointed a new risk management leader for both its Asia and Pacific ...