Personal Lines
Banks Still Lend After Floods; Insurers Are Backing Out
Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots. But while banks have been ...
American Family Closes Regional Office for Cleaning After Possible Employee Coronavirus Exposure
American Family Insurance Co. closed a regional office last Friday out of concern that an employee may have been exposed to an airline passenger on a March 4 domestic flight who later tested positive ...
Italy’s Generali Expanded Existing Policies and Added New Ones to Confront Coronavirus
Generali's global headquarters in Trieste, Italy is only a few hours away by car from Milan, the epicenter of the coronavirus outbreak that erupted in the country in mid-February. That means the ...
British Insurers No Longer Sell Travel Insurance to New Customers
British insurers Admiral , Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday. "The ongoing global situation with coronavirus means ...
Executives On The Move at QBE North America and Acadia Insurance
QBE North America recently appointed a new chief operating officer. W.R. Berkley's Acadia Insurance brought on a former New Hampshire insurance commissioner as its chief underwriting officer. *** QBE ...
Buffett Cancels ‘Woodstock for Capitalists’ Due to Coronavirus Worries
Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc's annual shareholder weekend, the largest gathering in corporate America, because the safety of ...
Italy’s Generali Will Create Fund to Help Countries Combat Coronavirus
Italy's biggest insurer Generali on Friday joined a rising number of companies that have rushed to provide funds to fight the coronavirus crisis. Italy has been hardest hit by the outbreak in Europe, ...
Coronavirus Crisis Hits Insurers With Double Whammy
Having initially brushed off the potential impact from coronavirus-linked claims, global insurers are waking up to the prospect of a double whammy — a sharp rise in payouts at a time of big ...