Specialty
Lloyd’s Promises Amends for ‘Shameful’ Role in Atlantic Slave Trade
The Lloyd's of London insurance market has apologized for its "shameful" role in the 18th and 19th Century Atlantic slave trade and has agreed to fund charities and organizations promoting ...
Executives On The Move at The Hartford and AXA XL
A former Validus executive is the new head of wholesale property for Navigators, a unit of The Hartford. AXA XL announced two additions to its UK broker management team.
The Latest Launches From BHSI and Travelers
A division of Berkshire Hathaway Specialty Insurance Company launched new coverage designed for road trip travelers. The Travelers Companies will begin to offer wildfire mitigation services at no ...
Swedish Example Inspires UK Insurers in Bid to Avoid Coronavirus Biz Income Payouts
Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The ...
Trade Disruption Possible if Sailors Stranded by COVID Restrictions Refuse to Work
Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially ...
The Latest Launches From Aon and AmTrust
Aon said it has expanded the scope of a cyber risk assessment methodology it has developed to help address exposures of remote work. A division of AmTrust Financial Services is launching a new ...
Disgruntled Hiscox Policyholders Launch $50M Arbitration Claim Over COVID Business Interruption Dispute
The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The ...
Ransomware Attacks Spiked 25 Percent in 2020 First Quarter: Beazley
There was a 25 percent spike in ransomware attacks in the first quarter of 2020 versus the fourth quarter 2019, based on incidents reported to in-house breach response team for insurer Beazley's ...