Commercial Lines
Insurance Firms Begin Covering Charter Flights Carrying Gold
Insurance firms have started covering charter flights to carry gold, helping to ease logjams in the bullion supply chain that caused prices to diverge sharply in different markets, the London Bullion ...
P/C Insurance Industry Is Least Affected by Coronavirus Pandemic: Standard & Poor’s
P/C insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled its analysis for March, ...
The Latest Launches From Cape Analytics/Kin and Corvus Insurance
Cape Analytics and Kin Insurance will expand a partnership involving remote risk assessment for homeowners insurance customers. Corvus Insurance launched a new initiative providing cyber risk ...
InsurTechs Focused on Structural Data, Vehicle Title Digitization Attract Financing
An American Family spinout raised $8 million in Series A financing that will help expand the reach of its residential and commercial property characteristic data and predictive analysis products. ...
Weather Risks Could Become Uninsurable Without Acting on Climate Change: Swiss Re
Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which ...
Zoom Class Action Suit Alleges Overstatement of Privacy Standards, Nondisclosure of Security Flaws
Zoom Video Communications Inc was slapped with a class action suit by one of its shareholders on Tuesday, accusing the video-conferencing app of overstating its privacy standards and failing to ...
UK Insurers Cancel More Than $1.2B in Dividends Over Coronavirus Worries
British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs ...
Coronavirus Fallout Leads to A.M. Best Outlook Downgrade for U.S. Commercial Insurers
U.S. commercial lines insurers must now carry an outlook downgrade from A.M. Best due to fallout from the coronavirus pandemic. The decision by A.M. Best to revise its outlook for the segment to ...