Commercial Lines
COVID BI Coverage Suits Top 700; Yep, That’s A Lot
When insurance coverage lawsuits brought by businesses seeking coverage for COVID-related interruptions surpassed the 700 mark last week, the natural question to ask was: Is that a lot? That's ...
The Hartford Produces Q2 Profit; Announces Job Cut, IT Investment Plans
The Hartford survived second quarter COVID-19 related challenges by producing an overall profit, though the property/casualty insurer announced plans to reduce expenses through job cuts and other ...
CoreLogic Bidders Seek Shareholder Backing to Replace 9 Directors
The investors seeking to take over CoreLogic Inc. plan to solicit support from fellow shareholders to replace nine directors, after the company rejected their $7 billion proposal to take it private. ...
Generali Continues Search for M&A Bargains as Profits Drop
Insurer Generali expects lower profits this year after COVID-19 hit first-half results, but will still keep an eye open for M&A opportunities that might arise from the crisis, it said on ...
Executives On The Move at Canopius and Guy Carpenter
Specialty insurer Canopius named a new head of its Credit & Political Risk team. Guy Carpenter & Company appointed a new managing director of its Global Risk Solutions division. *** Canopius, ...
Chubb CEO Greenberg Laments U.S. Govt. Covid-19 Setbacks, Promotes Diversity Initiatives
Chubb's employees have begun to return to their offices in many countries around the world as governments have brought the coronavirus pandemic under control. That's been a problem in the United ...
COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon
Usage of insurance linked securities the first six months of 2020 is already 20 percent higher than all of 2019, underscoring the sector's momentum and resilience even with the coronavirus pandemic, ...
Liability Shield Controversy Bogs Down Talks Over Coronavirus Relief Bill
Stimulus talks between President Donald Trump's representatives and Democrats bogged down Tuesday over demands by Senate Majority Leader Mitch McConnell that his proposed changes to liability law be ...