Personal Lines
Consumer Groups Call for Auto Insurance Premium Offsets as Coronavirus Slashes Driving
The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a sharp reduction in auto insurance claims. Two consumer groups want to make sure that ...
Future InsurTech Venture Financings Could Face a Coronavirus Slowdown
InsurTech venture capital financings in the pipeline appear to be going forward, but the likelihood of future deals could be an open question in light of the coronavirus pandemic, according to an ...
A Spring El Niño or La Niña Is Increasingly Unlikely
There is about a 65 percent chance that neutral weather conditions will prevail in the Northern Hemisphere this spring with no El Niño or La Niña, up from 60 percent last month, a U.S. government ...
EU Industry Watchdog Warns Insurers Should Take Measures to Preserve Capital
Insurance companies should take measures to preserve their capital position and be prudent about dividend and bonus payments as the coronavirus outbreak disrupts households and businesses, the ...
AIR Worldwide Projects at Least 200,000 COVID-19 Cases Through Rest of March
AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to ...
Getsafe CEO Sees Coronavirus as Opportunity for InsurTechs to Prove Their Worth
Getsafe CEO and founder Christian Wiens recently responded to the coronavirus pandemic by touting the benefits his and other InsurTechs can offer the insurance industry now and in the months ahead. ...
Fitch Changes Allstate’s Rating Outlook Due to Life Insurance/Coronavirus Concerns
Allstate has been hit with a downgraded rating outlook from Fitch Ratings, driven by the global coronavirus pandemic and the uncertainty it creates in the life insurance business. Fitch said it ...
Insurance Information Institute Will Brief State Regulators on Coronavirus P/C Insurance Impact
The Insurance Information Institute will brief state regulators this week on the financial impact/policy coverage issues raised by COVID-19 in the U.S.'s property/casualty insurance markets. The ...