Industry News
Small Commercial Customers Largely Unaware of Insurer Pandemic Protection Efforts: J.D. Power
If commercial insurance providers are pursuing pandemic-fueled efforts to help their small business customers, many are largely unaware of their efforts, J.D. Power determined as part of a new ...
U.S. General Liability Insurance Assigned A.M. Best Negative Outlook
The U.S. commercial general liability insurance segment gets a negative outlook from A.M. Best, due to concern about social inflation, third-party litigation financing and other factors leading to ...
Aon’s Proposed $30B Willis Towers Watson Acquisition Reportedly Faces EU Probe
Aon's $30 billion bid for Willis Towers to create the world's largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The ...
Lloyd’s, InsurTech Parsyl Will Cover Emerging Market COVID-19 Vaccine Distribution
Lloyd's of London and insurtech firm Parsyl have launched a program to insure the distribution of COVID-19 vaccines in emerging markets as drugmakers race to address the biggest global logistical ...
Bipartisan COVID-19 Plan Separates Coronavirus Liability Protections, State Aid
A bipartisan group of lawmakers released proposed Covid-19 relief legislation that may provide momentum for breaking a months-long impasse, by separating out coronavirus liability protections and ...
Majority of Americans Skipping Travel This Christmas
With a new surge in COVID-19 cases and stay-at-home orders in place across the country, two-thirds of Americans say they will not travel this Christmas, according to a national survey commissioned by ...
APCIA 2021 Lobbying Priorities: Pandemic, Social Inflation, Disaster Mitigation and More
Despite the ongoing coronavirus pandemic, insurance industry lobbyists such as Nat Wienecke of the American Property Casualty Insurance Association have continued to do their jobs. Like most of us, ...
Philadelphia Insurance Companies’ O’Leary to Give Up CEO Title; Glomb to Succeed Him
Philadelphia Insurance Companies' longtime leader Bob O'Leary will give up his CEO title at the end of 2020, with company President John Glomb on tap to succeed him. O'Leary, who served 8 years as ...