Commercial Lines
The Latest Launches From Sompo GRS and Bold Penguin
Sompo Global Risk Solutions has expanded its operations in Europe. Bold Penguin, an InsurTech commercial insurance technology provider, partnered with ZenBusiness, an online platform that helps small ...
In 2020, U.S. P/C Insurers’ Decade-Long Run of Premium Growth Will End: S&P
The U.S. P/C insurance industry will end a 10-year run of premium growth in 2020 due to COVID-19 fallout, according to new research from S&P Global Market Intelligence. "Factors including ...
Musk Paid Nearly $1M by Tesla for His Controversial D&O Insurance Arrangement
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker's board earlier this ...
Lloyd’s Advocates State-Backed ‘Black Swan’ Reinsurance
"Black Swan" reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London said. Commercial insurance ...
Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic
According to Dorothy in "The Wizard of Oz," there's no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of ...
Insurers Generally Happy About Their Asset Managers During COVID-19 Crisis: Survey
Most insurers feel good about how their asset managers are navigating the ongoing financial crisis created by COVID-19, State Street Corp. has determined in a new survey. Approximately 78 percent of ...
U.S. Commercial Auto Losses Reach Worst Point in a Decade
The U.S. commercial automobile insurance segment's underwriting losses deepened to $4 billion in 2019, the segment's worst loss in 10 years and a continuation of a decade-long trend of worsening ...
Bank of England Tells Banks, Insurers to Press Ahead With Analyses of Climate Change Risks
The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change on their operations, saying that guidance published on Monday would be followed by ...