Industry News
A Struggling AGCS Rolls Out Its Restructuring Plan
Allianz Global Corporate & Specialty (AGCS), the industrial insurer of Allianz Group, is embarking on a restructuring program it says is designed "to regain profitability and market leadership in ...
Lemonade Raises IPO Price Range
SoftBank Group Corp-backed insurance startup Lemonade Inc on Wednesday increased the target range for its U.S. initial public offering, looking to raise up to $308 million at a market capitalization ...
You are shopping for a new refrigerator. How do you choose? One is the right size from a durable brand...
The Latest Launches From Sompo GRS and Bold Penguin
Sompo Global Risk Solutions has expanded its operations in Europe. Bold Penguin, an InsurTech commercial insurance technology provider, partnered with ZenBusiness, an online platform that helps small ...
In 2020, U.S. P/C Insurers’ Decade-Long Run of Premium Growth Will End: S&P
The U.S. P/C insurance industry will end a 10-year run of premium growth in 2020 due to COVID-19 fallout, according to new research from S&P Global Market Intelligence. "Factors including ...
Musk Paid Nearly $1M by Tesla for His Controversial D&O Insurance Arrangement
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker's board earlier this ...
Lloyd’s Advocates State-Backed ‘Black Swan’ Reinsurance
"Black Swan" reinsurance schemes backed by governments could help businesses get insurance pay-outs after huge shocks such as the coronavirus pandemic, Lloyd's of London said. Commercial insurance ...
Exclusive: How P/C Insurance Pros Are Faring Working From Home During Pandemic
According to Dorothy in "The Wizard of Oz," there's no place like home. For many in the property/casualty insurance industry, home is where their job has been during the pandemic. While millions of ...
U.S. Commercial Auto Losses Reach Worst Point in a Decade
The U.S. commercial automobile insurance segment's underwriting losses deepened to $4 billion in 2019, the segment's worst loss in 10 years and a continuation of a decade-long trend of worsening ...