Markets
The Latest Launches From Munich Re/HSB and J.D. Power
Munich Re's HSB has started marketing workplace violence insurance coverage for small to mid-sized businesses. In addition, J.D. Power is launching a real-time auto insurance customer loyalty ...
Lloyd’s Construction Specialists Embrace Proposed U.S. Infrastructure Boom
Construction insurance specialists at Lloyd's of London are hoping to see more U.S. business from increased government investment in infrastructure projects in 2021. That will be welcome after a ...
Progressive Will Grab Transportation Insurer Protective for $338M
The Progressive Corp. will acquire Indiana-based trucking industry insurer Protective Insurance Corp. for $338 million in cash - a move that will increase its stake in the commercial lines insurance ...
Texas Bill Would Force Business Interruption Policies to Cover Pandemic Losses
A bill filed in Texas would require business interruption insurance policies to cover losses from a pandemic. Under SB 249, filed by Sen. Charles Schwertner, business interruption insurance would be ...
Diversity Officer With Starbucks, NBA Experience Joins Marsh & McLennan
Global insurance and professional services firm Marsh & McLennan Cos. announced that Nzinga Shaw will join the company as chief Inclusion & Diversity officer effective February 16. Shaw most ...
Investors See Dollar Signs in Denied COVID-19 Insurance Claims
A growing market niche where investors profit from others' legal troubles is getting a boost from Covid. Distressed-investing funds and litigation-finance boutiques are likely to be spoiled for ...
Amazon Sues NY Attorney General to Stop Its COVID-19 Lawsuit
Amazon.com Inc on Friday sued New York's attorney general to stop the state from filing its own lawsuit over the online retailer's early response to COVID-19, including its firing of activist ...
Florida Property Insurers Raise Rates by Double Digits, Driven by Multiple Factors
Florida property insurers are jacking up rates by double-digit percentages, blaming the hikes on lingering damage from past hurricanes, a wave of litigation, and a law that encourages lawyers to sue ...