Markets
Bankrupt N.Y. Retailer Sells $175M COVID Claim Insurers Won’t Pay
There's an unusual asset up for grabs in Century 21 Stores' going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for ...
Lloyd’s Approves New Insurance Group Inigo to Start Underwriting in January
Inigo Ltd., the new London insurance group that has raised $800m in start-up capital from a group of blue chip global investors, announced that it has received approval in principle from the ...
U.S. Justice Dept. Alleges Facebook Discriminates Against U.S. Workers
The U.S. Justice Department accused Facebook Inc on Thursday of discriminating against U.S. workers, saying in a new lawsuit the social media giant has given hiring preferences to temporary workers, ...
GOT Issues: An Update
Earlier this year, I wrote an article for Carrier Management that looked at potentially emerging issues that may have not yet been captured on the risk monitors of underwriters or by the algorithms ...
More Emerging Risks for 2021: Insurance Costs for Violence Unclear
When I wrote about emerging issues facing the property/casualty insurance industry for Carrier Management early in 2020 I stated, "Insurers and reinsurers face numerous emerging issues arising from: ...
Middle Market Businesses Represent Untapped Telematics Opportunity: Nationwide Survey
Most middle market business owners are more interested in vehicle telematics insurance products than their agents realize, a dynamic that reveals a significant opportunity to sell the technology more ...
Travelers Will Buy Plymouth Rock’s Digital Agency InsuraMatch for Undisclosed Price
The Travelers Companies has agreed to acquire InsuraMatch, a national digital independent insurance agency, from the Plymouth Rock Group of Companies. Neither side disclosed financial terms. The ...
Biodiversity Loss Among ‘Very Top Risks’, Warns AXA Executive
AXA Group's chief risk and investment officer, Alban de Mailly Nesle is required to ponder myriad dangers to the Paris-based insurer and its 830 billion-euro ($995 billion) asset management arm. He ...