Industry News
Pandemic to Change Future of Workers Comp, Personal Auto: Forrester
The global COVID-19 pandemic "will change the insurance industry irrevocably over the coming decade," says a new report from Forrester, with some of the biggest impacts hitting workers compensation ...
Venture Funding Drop Leaves Digital Insurers Vulnerable to Takeover
Some digital insurers will be in serious jeopardy as standalone companies in the months ahead, thanks in part to a big coronavirus crisis-related drop in venture funding. That reality, in turn, could ...
U.S. Small Businesses See Big Increase in Phishing Emails: Munich Re/HSB Survey
U.S. small businesses have experienced a worsening cyber vulnerability over the last year: Suspicious emails seeking money. Nearly 60 percent of business executives polled in a new survey from Munich ...
The Latest Launches From AXA XL and W.R. Berkley Corp.
AXA XL Risk Consulting launched a new risk assessment service designed to continue evaluating loss prevention across business lines during COVID-19 restrictions. W.R. Berkley Corp.'s Berkley Program ...
Updated Small Business COVID-19 Loss Estimates Dwarf Insurance Premiums
Small businesses are confronting astoundingly large losses relating to the coronavirus pandemic that dwarf commercial property premiums in unprecedented ways, according to an updated estimate from ...
AXIS Coronavirus Loss Estimates Based on Quarantines Lasting Until July 31
AXIS Capital President and CEO Albert Benchimol said that most of the company's insurance policies don't cover coronavirus pandemic-related claims. There are some that do, however, and those costs ...
Berkshire Hathaway’s Annual Meeting to Feature Buffett and Abel; Munger Won’t Attend
Warren Buffett's Berkshire Hathaway Inc will hold a truncated virtual annual meeting on Saturday where its billionaire chairman will be present but his longtime Vice Chairman Charlie Munger will not. ...
Aon’s C-Level Execs, Most Employees Hit With Pay Cuts Due to Coronavirus Uncertainties
Aon announced it will temporarily cut the pay of the company's named executive officers by 50 percent in response to the COVID-19 crisis. In addition, 70 percent of its global workforce will see a 20 ...