Markets
U.S. Insurers, Wary of COVID-19, Avoid Already Strained Senior Care Market
The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers ...
State Auto Extends CEO LaRocco’s Contract for 12 More Months
State Auto Financial Corp's board of directors has extended the contract of President and CEO Mike LaRocco for an extra 12 months, citing the need for "stability and continuity" in the face of ...
Hurricanes and COVID-19
The 2020 hurricane season will be an active one according to all the major forecasters. Colorado State University said there is a 69 percent chance of a major U.S. landfalling hurricane. The tally ...
Chubb Unveils Public-Private Program for Pandemic Biz Interruption
Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses ...
Is COVID Physical Damage? Plaintiffs Relying on Bacteria, Ammonia and Cat Urine Rulings
In 1963, congregants noticed a strange odor in the basement of the First Presbyterian Church in Littleton, Colo. Some suspected a gas leak or maybe spilled stationary ink. Others thought the smell ...
Lloyd’s Starts Work With Three InsurTechs With Focus on COVID-19 Response
Lloyd's has started work with three InsurTech startups to help the market respond to the COVID-19 pandemic. As part of its package of measures to respond to the COVID-19 pandemic, Lloyd's has ...
Newcomers See Opportunities as Carriers Face Hefty Pandemic Losses
Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums – tempting companies and industry veterans to raise capital, launch new ...
Allstate to Grab National General in $4B Cash Offer
U.S. Insurer Allstate Corp said on Tuesday it will buy National General Holdings Corp for about $4 billion in cash, scaling up its auto insurance business at a time when the coronavirus has crushed ...