Specialty

AIR Worldwide Launches Free COVID-19 Catastrophe Modeling Tool

AIR Worldwide has launched a free COVID-19 catastrophe modeling tool, one that predicts cases and offers death projections for the weeks ahead. The company said its product, formally named the Verisk ...

QBE Plans $825M Capital Raise to Help Weather COVID-19 Uncertainty

QBE Insurance is planning to raise about $825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately ...

Regulator Warns Most Small UK Companies Lack Pandemic Insurance

Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on ...

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 ...

Executives On The Move at Everest Re and Sompo Global Risk Solutions

Everest Re Group hired a new executive for its Global Markets division. Sompo Global Risk Solutions appointed a senior executive who will be based in Mexico.

Top Executives Are Increasingly Vulnerable to Ransomware Attacks: CyberCube Report

Senior executives increasingly will be targeted by cyber criminals looking for ways to steal money from large corporations, according to a report from cyber analytics provider CyberCube. Organized ...

McDonald’s Accused in Class Action Suit of ‘Pervasive Sexual Harassment’

McDonald's Corp has been hit with a class action lawsuit accusing it of subjecting female employees in its corporate-owned fast-food restaurants in Florida to widespread sexual harassment. The ...

Suddenly Everybody Wants Pandemic Cover

In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like buying property insurance when your house is on fire, according to Tracey ...