Personal Lines
Weather Risks Could Become Uninsurable Without Acting on Climate Change: Swiss Re
Global warming will lead to growing intensity and frequency of severe weather events, rising losses, as well as greater uncertainty in the assessment of these events by the insurance industry, which ...
UK Insurers Cancel More Than $1.2B in Dividends Over Coronavirus Worries
British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank of England which had cautioned the sector about the risk of heavy costs ...
Travelers, Chubb, Allstate and Others Commit Substantial Resources Toward Coronavirus Relief
As the coronavirus pandemic drags on, insurers are committing substantial capital toward helping their agents, clients and employees weather the ongoing crisis. Companies including Travelers, Chubb, ...
A Double-Whammy for Travelers When Carriers Refuse Virus Payouts
Purchasers of travel insurance are finding their policies all but worthless as the global pandemic forces them to change their plans, or worse, leaves them sick at sea. Most travel insurance ...
InsureTech Connect’s CEO Has Added Coronavirus Contingencies Into 2020 Fall Conference Planning
For now, the InsureTech Connect website offers this reassuring statement: "ITC Is on Track for Sept. 21-23-2020." But with the coronavirus pandemic spreading aggressively around the world, ITC CEO ...
Forecasters Predict an Above Average 2020 Atlantic Hurricane Season
The 2020 Atlantic hurricane season could see a greater than average number of major hurricanes because of warmer seas and favorable weather patterns, forecasters from Colorado State University's ...
Buffett’s Berkshire Hathaway Hammered by Coronavirus Equity Losses
The coronavirus pandemic may have erased around $64 billion of value from Warren Buffett's equity portfolio at Berkshire Hathaway Inc, setting up the conglomerate for one of the largest quarterly ...
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. ...