Industry News
Proposed Pandemic Re Corp. Would Treat Small, Large Biz Interruptions Differently
Another proposed public-private partnership reinsurance program is being talked about to cover pandemic-related business interruptions, the leader of a reinsurance association said on June 2. The ...
P/C CEOs and Their Companies Pledge a Renewed Fight for Social Equality
Property/casualty insurers and their CEOs are pledging to help their communities and employees find a meaningful way forward after the Memorial Day death of George Floyd in Minneapolis that sparked ...
A Possible No-Deal Brexit Places the UK’s Fragile Coronavirus Recovery at Risk
The threat of a no-deal Brexit is back — and with it the risk that the UK economy's shaky recovery from the coronavirus pandemic will be hobbled. As British and European Union negotiators head into ...
AXA Slashes Dividend to Preserve Cash During COVID-19 Pandemic
French insurer AXA plans to cut its dividend to 0.73 euros per share from a planned payout of 1.43 euros, the firm said on Wednesday, in order to preserve cash amid the coronavirus pandemic. AXA ...
Hippo Continues Expansion With Plans to Acquire Spinnaker Insurance
The InsurTech Hippo plans to snatch up Spinnaker Insurance Company following a multi-year partnership. The deal is designed to help Hippo – a managing general agent focused on home insurance - ...
‘Catastrophe’-Level Insured Losses From Riots Could Rival Record
Rioting that erupted in cities across the United States after the Memorial Day death of George Floyd in Minneapolis may rival the 1992 Los Angeles riots to become the most costly civil disorder in ...
Some U.S. Salons, Gyms, Offices Requiring Coronavirus Liability Waivers Before Entering
As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and ...
Public-Private Pandemic Risk Financing Plan Advances in UK
UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of working groups to take the idea from the drawing ...