Commercial Lines
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 ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
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 ...
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 ...