Commercial Lines
Some Auto Insurance Pandemic Rebates Are Too Small: U.S. Consumer Groups
Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett's Geico Corp, are short-changing customers on premium rebates as Americans drive ...
Everest Re Expects $150M in Q1 Pretax Losses From Coronavirus-Related Claims
Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic. The company expects that the majority of pandemic losses will come ...
Executives On The Move at Everest Insurance and AXIS
Everest Insurance made changes to its Commercial Casualty leadership team. AXIS Insurance appointed its first head of Strategy and Innovation for the company's Global Cyber and Technology unit, ...
The Latest Launches From Beazley and Erie Insurance
Beazley is launching a new product recall insurance policy for private enterprises in the United States. Erie Insurance is adding gift card and gift certificate reimbursement coverage to the ...
House Judiciary Committee Chair Eyes Ban on Mergers to Protect Small Firms During Pandemic
The chair of the House Judiciary Committee's antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related ...
Data Intelligence/Legal Technology Platform Startup Raises $10M
Bodhala, a data-intelligence and legal technology platform targeting insurance and other industries, raised $10 million in venture financing. Edison Partners, a venture capital firm based in New ...
China’s Ping An Insurance Sees Massive Profit Drop
Ping An Insurance (Group) Co of China Ltd, on Thursday reported a 42.7% drop in first-quarter profit, its biggest fall in quarterly profits in more than eight years, as the coronavirus outbreak ...
White House Explores Liability Protections for Businesses Facing Coronavirus Claims
Donald Trump's top economic adviser said the administration will look at limiting liability for businesses over the spread of the coronavirus. "I think liability reforms and safeguards are going to ...