Commercial Lines
Markel, Citing Coronavirus Concerns, Moves Its 2020 Annual Meeting to the Internet
Markel Corporation will be holding its 2020 annual meeting virtually, with only company officers and other personnel in physical attendance at the session. The specialty insurer said it made the ...
Lloyd’s Placed on Rating Watch Negative by Fitch Due to COVID-19 Uncertainty
Fitch Ratings has placed Lloyd's of London's 'AA-' Insurer Financial Strength (IFS) ratings on rating watch negative, on the uncertainty and increased risk to Lloyd's earnings and underwriting ...
Forecasters Predict an Above Average 2020 Atlantic Hurricane Season
The 2020 Atlantic hurricane season could see a greater than average number of major hurricanes because of warmer seas and favorable weather patterns, forecasters from Colorado State University's ...
Executives On The Move at The Hanover, Everest Re and Sayata Labs
A Zurich North America veteran joined The Hanover Insurance Group as vice president and general counsel. Everest Re Group Ltd. hired a Hiscox veteran as chief financial officer of Everest Insurance. ...
New InsurTech Venture Capital Financings Dropped by Half in Q1
Already, the coronavirus pandemic has taken a big bite out of InsurTech venture capital financings. Venture capital investments in the sector reached $760 million in the 2020 first quarter, about 50 ...
Liability Worries May Leave Many U.S. Banks Sitting Out of Small-Biz Pandemic Rescue Plan
Thousands of U.S. banks, including some of the country's largest lenders, have said they may not participate in the federal government's small-business rescue program due to concerns about taking on ...
Workers Who Supply the World’s Meat Clamor for More Coronavirus Protections
A growing number of workers who are crucial to supplying the world with meat are demanding that their companies do more to keep them safe from the coronavirus. Labor unions are starting to speak out ...
Demand Soars for Parametric Insurance to Cover Pandemic Business Interruptions
Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He's also plugging away trying to keep businesses healthy, as well. ...