Commercial Lines
Chubb CEO Greenberg: Degree of Future COVID-19 Revenue Impact Is ‘Simply Unknowable’
Chubb Chairman and CEO Evan Greenberg insists the global P/C insurer has strong fundamentals, but warned at the same time that the ongoing pandemic crisis will spur unpredictable revenue challenges ...
Auto Insurance Customers Shop for Better Deals Even With Pandemic Rate Givebacks
The legions of temporary auto insurance discounts and premium givebacks issued recently to help customers deal with pandemic financial fallout fell short in ensuring customer loyalty, J.D. Power ...
6 Insurers Targeted in Latest Round of Business Interruption Class Action Suits
A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the ...
Travelers CEO Sounds Alarm: Lawyers Could Slow COVID Recovery
During an earnings conference call yesterday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic ...
Chubb’s Net Income Plunges; Bigger Coronavirus Impact Predicted for Q2
Chubb said that the coronavirus pandemic's effects on its bottom line were relatively benign in the 2020 first quarter. But all bets are off for the months ahead. The global property/casualty insurer ...
The Latest Launches From Sompo International and Tokio Marine HCC
A division of Sompo International will partner with a Portuguese managing general agent to offer crop insurance products and services to the Portuguese agricultural sector. Tokio Marine HCC will work ...
California State Fund Will Now Accept Any COVID-19 Claim From Essential Workers
California's State Compensation Insurance Fund said it is now accepting any claim by an essential worker for a diagnosed case of COVID-19, regardless of whether that worker can demonstrate the virus ...
For Travelers, Q1 Catastrophe Losses Make Greater Impact Than Coronavirus Costs
The Travelers Companies felt relatively small effects from the coronavirus pandemic in the 2020 first quarter, with catastrophe losses from tornadoes and other storms taking more of a bite. ...