Markets
Self-Driving Vehicles, Robots Prove Their Worth With Contactless Deliveries
Self-driving cars, trucks, sidewalk robots and shuttles are rolling out of the labs and parking garages and onto American streets to help deliver groceries, meals, and medical supplies. Although ...
AIG Rolls Out Largest-Ever Syndicate at Lloyd’s, Focusing on High Net Worth Clients
American International Group has launched Lloyd's Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd's. Syndicate 2019 will exclusively reinsure risks from AIG's Private Client ...
‘Essential’ Gig Workers Likely to Expect More Benefits Post-Pandemic
The insurance industry should expect to see a change in how gig economy workers view themselves, what they believe they are entitled to, and what they come to expect when and if they return to their ...
Worst-Case P/C Coronavirus Losses in Key Lines Could Hit $80B: Willis Towers Watson
Key property/casualty insurance lines could face COVID-19 insured losses reaching a combined $80 billion in a worst-case scenario modeled by Willis Towers Watson as part of a new report. U.S. and ...
Lemonade Encourages Customers to Fuel ‘Social Good’ by Taking COVID-19 Research Surveys
Lemonade is encouraging its members to take online surveys – lots of them – in order to positively impact the COVID-19 crisis. The InsurTech focused on digital homeowners and renters insurance ...
Watsa’s Fairfax Financial Holdings Loses $1.3B in Q1
Prem Watsa's Fairfax Financial Holdings lost close to $1.3 billion during its first quarter, due largely to unrealized losses on investments and market volatility over the coronavirus pandemic. The ...
Tesla Founder Musk Cancels Company’s D&O Cover, Pledging to Replace With ‘Personal Coverage’
Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company's directors and officers insurance (D&O), replacing it with a promise to ...
Allianz SE Withdraws 2020 Profit Target Over COVID-19 Uncertainties
Allianz SE withdrew its forecast for the year as Europe's biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board "does not assume that ...