Personal Lines
Allianz CEO Baete Warns Coronavirus Will Cause ‘Huge Losses’ for Insurers
Allianz SE Chief Executive Officer Oliver Baete warned the coronavirus has upended insurers' business models and will cause "massive" losses across the industry. The virus has forced closures across ...
Chubb CEO Greenberg Cautions Insurers Would Face Bankruptcy Over Retroactive Coverage Measures
Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. "The insurance industry is a ...
Insurers Suspending Dividends Shouldn’t Worry About Their Credit Quality: S&P
Some global regulators are advising insurers to suspend dividend payments in response to the COVID-19 pandemic. If insurers do, they won't have to worry about their credit quality, S&P Global ...
InsurTech Firm Wefox, Other German Startups Seek European Approach to Corona Tracing App
Europe should not cede its sovereignty to Silicon Valley when it comes to using technology to help trace those at risk of coronavirus infection, the German developers of a smartphone app said on ...
A Crisis Manager on How the P/C Insurance Industry Can Maximize Its Coronavirus Response
"I'm shocked, just shocked that you're suggesting that during a crisis that insurance companies might, in fact, be considered the villains. I've never heard that before." That's Richard Levick ...
Progressive’s Monthly Financial Report Shows Early COVID Impacts
Progressive Corporation released a monthly earnings report for March 2020 yesterday, providing some early signs of the premium and loss ratio impacts of COVID-19 shelter-at-home restrictions for ...
Stay-at-Home Pandemic Orders Reduce Auto Claims Almost by Half: Snapsheet
Insurers are reporting a 40-50 percent drop in claims volume for personal auto and a 30-40 percent reduction for commercial auto due to the coronavirus pandemic, an executive for claims-automation ...
Analysts: Auto Insurance Coronavirus Rebates a Solid Move in the Short Term
Auto insurers have seen something new with the coronavirus pandemic: an historic reduction in driving due to millions of customers staying home and sheltering in place. That change led to carriers ...