Markets
Next Insurance Adds 24 States to Workers Comp Coverage Reach
Next Insurance has expanded its workers compensation cover into 24 additional states, including Alabama, Iowa, Louisiana and Virginia. AsThe digital small business insurer said that the coverage is ...
The Digital Normal and the Future of Work in Reinsurance
It's been said that necessity is the mother of invention. That proverb was illustrated perfectly during the insurance industry's successful scramble to conduct its business digitally at the onset of ...
Fewer Businesses Reduce Cyber Risks Even as More Worry About Them
The dynamic between businesses and the cyber risks they should be preventing or mitigating is becoming increasingly complex. A survey from The Travelers Companies Inc. found that cyber threats are ...
Overshadowed by COVID-19; Insurance Industry M&A Takes a Pause
Insurance industry M&A activity is on a temporary break due to uncertainties created by the COVID-19 pandemic, according to a new Deloitte report. "COVID-19 has forced many insurance carriers to ...
Two Different Results for Similar COVID-19 Biz Interruption Suits
A federal judge in Florida last week denied an insurer's petition to dismiss a COVID-19 business-interruption lawsuit, while a federal magistrate judge in California threw out a similar claim. Both ...
Ransomware Attack Strikes Insurance Broker Gallagher
Insurance broker Arthur J. Gallagher & Co. and its claims unit, Gallagher Bassett, reported that a ransomware incident that happened on Saturday, Sept. 26 limited some of its internal systems. In ...
UK Regulator Makes Wednesday Deadline for Business Insurance Claims Agreement
Britain's financial regulator said on Tuesday it had filed for an expedited appeal in a business interruption test case against insurers, but was seeking an agreement by Wednesday to avoid the ...
What the Pandemic Can Teach Us
While the pandemic has provided an entirely unwelcome education, if we choose to, we will profit from its lessons. After all, no crisis should be wasted. The first of many lessons can be attributed ...