Industry News
Public-Private Partnership Warranted to Help Businesses Harmed by COVID-19: A.M. Best
A public-private partnership or an outright government program will be both necessary and warranted to help businesses harmed by COVID-19, A.M. Best said in new commentary. One reason why: the ...
Insurers Express Confidence Over Vaccine Trial Coverage
The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine leading developers have felt compelled to issue a pledge to uphold scientific ...
Progressive Blends Home Insurance Quoting Into Mortgage Lending Program
Progressive Insurance is now serving home buyers in the digital mortgage process by using information they've already entered for their loans to deliver homeowners' insurance quotes with a single ...
Biden Corporate Tax Proposals Could Cost Carriers Money: S&P
Former Vice President Joe Biden could cost insurers significant cash if he wins the election, thanks to the risk of higher tax bills stemming from his proposed changes to the corporate tax structure, ...
Erie Insurance Revamps Leadership In Claims, Sales and IT Divisions
Erie Insurance disclosed a series of senior leadership changes within its Claims, Sales & Products and Information Technology divisions. The organizational changes at the Erie, Penn.-based ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
Western U.S. Wildfires Will Leave Insurers With a ‘Multi-Billion-Dollar’ Bill: Aon
Wildfires across the western United States will leave insurers with a "multi-billion-dollar" bill, Aon concluded in its September 2020 Global Catastrophe Recap. While it will likely take some time to ...
Exiting Insurers, Premium Hikes Pummel Canada’s Wounded Hospitality Business
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the ...