Commercial Lines
Global Insured Catastrophe Losses Jump to $31B in H1: Swiss Re
Global insured property losses from disasters were $31 billion in the first half of 2020, up from $23 billion during the same period last year, according to Swiss Re Institute's preliminary sigma ...
Coronavirus Costs Deal Relatively Modest Blow to Major U.S. Insurers
The coronavirus pandemic dealt a relatively modest $2.5 billion blow to five insurers with large U.S. operations in the second quarter - a cost that was far less than feared and which the industry ...
P/C Insurance Software Startup Duck Creek Raises IPO Range
Duck Creek Technologies Inc, a software company that serves the property and casualty (P&C) insurance market, on Wednesday raised the price range for its initial public offering (IPO) and expects ...
Beyond Facts, Good Leaders Also Follow Gut Instincts
In a rapidly changing business climate, executives must nurture their intuition as much as they rely on facts and figures to make decisions. A recent posting on the Great Leadership Blog argues as ...
A Record 25 Named Tropical Storms Could Strike This Year
The U.S. National Oceanic and Atmospheric Administration (NOAA) last Thursday predicted up to 16 more named tropical storms this year, to as many as 25, the highest in the agency's history. The 2020 ...
McConnell’s Push for Coronavirus Liability Shield Reaches Crucial Phase
Senate Majority Leader Mitch McConnell's insistence that legal liability protections for businesses, schools and colleges be included in any new coronavirus relief bill is approaching a moment of ...
With an Eye on COVID-19, Lloyd’s Selects 10 InsurTechs for Innovation Program
Lloyd's announced the latest cohort of InsurTech startups that will join its Lloyd's Lab innovation accelerator program. Their focus will be on COVID-19 products and services. The InsurTechs will ...
The Latest Launches From Generali/GEICO and RMS
A division of Generali Group is using its cyber protection platform for GEICO Insurance Agency customers. Catastrophe modeler RMS said it has made major updates to its line of HWind forecasting ...