Industry News
Lemonade Encourages Customers to Fuel ‘Social Good’ by Taking COVID-19 Research Surveys
Lemonade is encouraging its members to take online surveys – lots of them – in order to positively impact the COVID-19 crisis. The InsurTech focused on digital homeowners and renters insurance ...
Watsa’s Fairfax Financial Holdings Loses $1.3B in Q1
Prem Watsa's Fairfax Financial Holdings lost close to $1.3 billion during its first quarter, due largely to unrealized losses on investments and market volatility over the coronavirus pandemic. The ...
Tesla Founder Musk Cancels Company’s D&O Cover, Pledging to Replace With ‘Personal Coverage’
Tesla founder and CEO Elon Musk is getting into the insurance business again, sort of. Musk has cancelled his company's directors and officers insurance (D&O), replacing it with a promise to ...
Allianz SE Withdraws 2020 Profit Target Over COVID-19 Uncertainties
Allianz SE withdrew its forecast for the year as Europe's biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board "does not assume that ...
Lack of Clarity on Infection, Fatality Rates Hinders Ability to Assess COVID-19 Impact: KCC
With social distancing and strict lockdowns around the world showing some success in "flattening the curve" of the coronavirus pandemic, leaders are starting to make tough decisions regarding when ...
Nationwide Stays (Partially) Home; Remote Work Will Remain in 5 States
Nationwide said it plans to permanently transition to a hybrid operating model that comprises primarily working-from-office in four main corporate campuses and working-from-home in most other ...
Buffett Will Likely Address Pandemic During Berkshire Hathaway Annual Meeting
Berkshire Hathaway Inc's annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the ...
Argo Group Experiences Both International and U.S. COVID-19 Losses
Argo Group International Holdings expects pretax net catastrophe losses of $29 million during the 2020 first quarter, the bulk of which stems from costs relating to the COVID-19 pandemic. The ...