Commercial Lines
The Hanover Sees Limited COVID-19 Financial Impact to Date
The Hanover Insurance Group Inc. saw higher net income in the 2020 second quarter compared to the same period a year ago, with limited impact to date from the COVID-19 pandemic. The ...
South African Insurers Acquiesce to Demands for Pandemic Business Interruption Cover
South African insurers are bowing to demands for the payment of losses that businesses suffered during the nation's lockdown. Momentum Metropolitan Holdings Ltd.'s Guardrisk will make settlement ...
Commercial Lines Insurers Investing in AI and Analytics to Improve Claims and Customer Experience: Novarica
Commercial lines insurers are intent on maintaining underwriting discipline as they grow, using data, AI, predictive analytics and business rules to align pricing actions with risk quality and make ...
Chubb Loses $331M in Q2, Slammed by COVID-19 Costs
Over just two quarters, the coronavirus pandemic has forced Chubb's net income to plunge, and now, swing to a sizable loss. Chubb lost $331 million, or $0.73 per share during the 2020 second quarter, ...
U.S. P/C Insurers Saw Record Q1 Surplus Drop, but Fundamentals Remained Solid: APCIA/Verisk
The U.S. property/casualty insurance industry saw its surplus drop by a record amount in the 2020 first quarter, thanks to stock market turmoil driven by the coronavirus pandemic's rapid arrival. But ...
PartnerRe Makes Bonneau CEO While Dealing With Pandemic-Hammered Q2 Results
A former Chubb executive is officially the new president and CEO of PartnerRe Ld., taking over as the Bermuda-based reinsurer reported 2020 second quarter results hammered by COVID-19 challenges. The ...
Volkswagen Forks Over $9.8B in Diesel Settlements to U.S. Consumers
U.S. buyers of polluting Volkswagen AG vehicles received more than $9.8 billion in settlements, the Federal Trade Commission (FTC) said on Monday . Volkswagen agreed to offer to buy back or repair ...
InsurTech Financings Rebound in Q2; A Longer Recovery Remains in Question
InsurTech venture capital investments rebounded strongly in the second quarter after a pummeling earlier in the year due to growing pandemic-related uncertainty in the financial markets. Firms in the ...