Personal Lines
Torrential Rain, Thunderstorms Batter Parts of China, Creating Flood Risks
The central Chinese city of Wuhan, epicenter of the new coronavirus pandemic, raised its flood alert level on Monday as torrential rain and thunderstorms battered swathes of the country, including ...
Aon Ends Most COVID-19-Related Salary Cuts Except for Named Executives
Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19 pandemic. Effective July 1, Aon ended the salary cuts and will colleagues for the ...
Lemonade’s Debut Day of Trading Sees 140 Percent Jump in Stock Price
Lemonade soared on July 2 as its stock price climbing nearly 140 percent in the InsurTech's debut day as a public company. It's a significant achievement for the New York-based startup, which only ...
Allianz CEO Baete Predicts 2021 Recovery Barring Another Major Coronavirus Hit
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief ...
Lemonade Raises IPO Price Range
SoftBank Group Corp-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization ...
Helping Employees Return to the Workplace: Leadership Tips
With most of the world beginning to reopen after months of pandemic lockdown, it's time for businesses to begin implementing their plans for re-entry to the workplace. Among the expert tips: ensure ...
In 2020, U.S. P/C Insurers’ Decade-Long Run of Premium Growth Will End: S&P
The U.S. P/C insurance industry will end a 10-year run of premium growth in 2020 due to COVID-19 fallout, according to new research from S&P Global Market Intelligence. "Factors including ...
Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic
According to Dorothy in "The Wizard of Oz," there's no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of ...