Markets
Executives On The Move at The Hanover, Everest Re and Sayata Labs
A Zurich North America veteran joined The Hanover Insurance Group as vice president and general counsel. Everest Re Group Ltd. hired a Hiscox veteran as chief financial officer of Everest Insurance. ...
New InsurTech Venture Capital Financings Dropped by Half in Q1
Already, the coronavirus pandemic has taken a big bite out of InsurTech venture capital financings. Venture capital investments in the sector reached $760 million in the 2020 first quarter, about 50 ...
Liability Worries May Leave Many U.S. Banks Sitting Out of Small-Biz Pandemic Rescue Plan
Thousands of U.S. banks, including some of the country's largest lenders, have said they may not participate in the federal government's small-business rescue program due to concerns about taking on ...
Workers Who Supply the World’s Meat Clamor for More Coronavirus Protections
A growing number of workers who are crucial to supplying the world with meat are demanding that their companies do more to keep them safe from the coronavirus. Labor unions are starting to speak out ...
InsurTech Wefox Part of European Efforts to Ready Smartphone Tech Tracing Coronavirus Exposures
A group of European experts said on Wednesday they would soon launch technology for smartphones to help trace people who had come into contact with those infected with coronavirus, helping the health ...
Lemonade Enters the Netherlands Insurance Marketplace
Lemonade is now doing business in the Netherlands, its second European country after debuting in Germany nine months ago. The New York-based InsurTech said that Dutch customers can purchase contents ...
Demand Soars for Parametric Insurance to Cover Pandemic Business Interruptions
Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He's also plugging away trying to keep businesses healthy, as well. ...
COVID-19 Might Spur a Social Inflation Spike: A.M. Best
COVID-19 could produce a big increase in social inflation, A.M. Best said in a newly issued commentary. The reason: expectations that businesses will sue their insurers in an attempt to access their ...