Specialty
U.S. Commercial Insurers Face Increasing Political Pressure to Pay Pandemic Business Loss Claims
U.S. commercial insurers face mounting political pressure to cover claims from businesses that are losing revenue because of coronavirus shutdowns ordered by state and local governments. Insurers ...
Insurers Expect Coronavirus Claims Will Strike ‘Event Driven’ D&O Line
What may be the first U.S. securities lawsuits alleging misdeeds related to coronavirus were filed this month — one against a cruise line and another against a pharmaceutical company that claimed ...
Lloyd’s Confronts COVID-19 Claims in 14 Insurance Categories
Lloyd's insurers face COVID-19 related claims from approximately 14 categories of insurance, said Chief Executive Officer John Neal during a media call to discuss the market's 2019 results. Neal said ...
P/C Insurers Writing Event Cancellation Business Could Face Major Losses: A.M. Best
Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this line of business amid the COVID-19 outbreak ...
Lloyd’s of London Returns to Pretax Profit, Claims Readiness for Coronavirus Costs
Lloyd's of London reported its first annual pretax profit in three years on Thursday, thanks to tighter underwriting and robust investment returns, and signaled it was well prepared to cope with the ...
Executives On The Move at Swiss Re, AmWINS and Guy Carpenter
Swiss Re is promoting one if its rising leaders to become its market executive for Western and Southern Europe starting later this year. A Beazley Group veteran is joining AmWINS Group to become ...
Most P/C Insurers Will Weather Ongoing COVID-19 Storm: Standard & Poor’s
Most P/C insurers will be able to weather any financial market volatility and higher claims relating to COVID-19, S&P Global Ratings predicts in a new report, though it warns some carriers with ...
The Latest Launches From Zurich Insurance and Guy Carpenter/RiskGenius
Zurich Insurance said it is expanding the rollout of a new product after early successes in select global markets. Carpenter & Co. will team with RiskGenius to expand the detection and ...