Specialty
S&P Predicts Failure for COVID-19 Business Interruption Retroactive Coverage Efforts
Standard & Poor's said it does not expect state legislators to succeed in their efforts to retroactively expand business interruption insurance coverage for COVID-19-related losses. The reason: ...
Venture Funding Drop Leaves Digital Insurers Vulnerable to Takeover
Some digital insurers will be in serious jeopardy as standalone companies in the months ahead, thanks in part to a big coronavirus crisis-related drop in venture funding. That reality, in turn, could ...
U.S. Small Businesses See Big Increase in Phishing Emails: Munich Re/HSB Survey
U.S. small businesses have experienced a worsening cyber vulnerability over the last year: Suspicious emails seeking money. Nearly 60 percent of business executives polled in a new survey from Munich ...
The Latest Launches From AXA XL and W.R. Berkley Corp.
AXA XL Risk Consulting launched a new risk assessment service designed to continue evaluating loss prevention across business lines during COVID-19 restrictions. W.R. Berkley Corp.'s Berkley Program ...
Updated Small Business COVID-19 Loss Estimates Dwarf Insurance Premiums
Small businesses are confronting astoundingly large losses relating to the coronavirus pandemic that dwarf commercial property premiums in unprecedented ways, according to an updated estimate from ...
AXIS Coronavirus Loss Estimates Based on Quarantines Lasting Until July 31
AXIS Capital President and CEO Albert Benchimol said that most of the company's insurance policies don't cover coronavirus pandemic-related claims. There are some that do, however, and those costs ...
Everest Insurance CEO Zaffino Departs to Join Ascot Group in Leadership Role
A major Everest Re Group executive has jumped ship for a leadership role at Ascot Group, a Bermuda-based specialty insurer and reinsurer. Jonathan Zaffino, president and CEO of Everest Re Group's ...
Berkshire Hathaway’s Annual Meeting to Feature Buffett and Abel; Munger Won’t Attend
Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not. ...