Industry News
U.S. Carriers Beat Back Coronavirus Claims With Massive Cost Estimates
U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has ...
Senate Republicans Draft Bill to Enable Broad Coronavirus Employer Liability Shield
Senate Republicans are drafting legislation that would let employers choose which government coronavirus safety guidelines to follow in order to be shielded from lawsuits if their customers or ...
In a Close Race, Auto Insurance Customers Prefer Company Websites Over Agents
Remember all the talk that digital transformation would disrupt the auto insurance industry? Well, it's real, according to the consultants at J.D. Power. The firm says its 2020 U.S. Auto Insurance ...
Climate Change Appears Likely to Cause Extreme Waves, Coastal Damage
Climate change is expected to cause stronger storm winds that trigger more extreme waves and increase coastal damage in Australia, the Pacific and South America by the end of the century, new ...
The Latest Launches From AXA and At-Bay
AXA is teaming with a major university to provide a mental health resource for employees returning to work as COVID-19 restrictions ease. Cyber insurance startup At-Bay launched its excess Technology ...
COVID-19 Accelerates D&O Transformation Already Underway
Rates for the struggling Directors and Officers insurance market jumped by 44 percent in the 2020 first quarter. Expect that market hardening trend to continue for some time, with increases likely to ...
Evertas, a Cryptoasset Insurer, Obtains Bermuda Operating License
Cryptoasset insurer Evertas secured a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas' operations in Bermuda will now aim to start issuing policies for ...
Attorney Behind Thousands of Insurer Lawsuits Suspended by Florida Supreme Court
The Florida Supreme Court has granted an emergency request by the Florida bar to immediately suspend an attorney who, with his firm, has filed thousands of assignment of benefit and first party ...