Commercial Lines
LinkedIn Accused of Secretly Reading Apple Users’ Clipboard Content in New Suit
Microsoft Corp's LinkedIn was sued by a New York-based iPhone user on Friday for allegedly reading and diverting users' sensitive content from Apple Inc's Universal Clipboard application. According ...
Global Insurance Premiums Will Rebound in 2021 After Pandemic-Related Dip: Swiss Re Sigma
Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in ...
Lloyd’s to Leave U.S. Admitted Market, Double Down on Reinsurance, E&S
Lloyd's announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market ...
W.R. Berkley Corp. Booked $85M in Q2 Pretax COVID-19-Related Catastrophe Losses
W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. Out of that total, $85 ...
S&P Welcomes Allstate’s $4B Bid for National General
Allstate Corp.'s plan to pay $4 billion for National General Holdings Corp. and become a dominant player in the independent agency channel drew a positive response from S&P Global Ratings. A few ...
Insurity Grabs Virtual MGA for an Undisclosed Price
Insurity said it has snatched up Virtual MGA, a Texas-based company with a cloud-based binding authority, underwriting and distribution product for wholesale brokers, syndicates and MGAs. The ...
Managing Social Inflation: What Should Be in the Defense Playbook
Plaintiffs attorneys have honed skills for identifying cases destined to result in nuclear verdicts, a former defense attorney working for a reinsurance company said recently, describing their ...
Insurers Need Playbook to Slow Social Inflation; COVID Didn’t Do It
If liability insurers and defendants want to turn the tide of social inflation, they need to come together as teammates with a solid game plan, a reinsurance claims executive said recently. Agreeing ...