Industry News
Markel International Narrows Focus to Entertainment; COVID-19 Costs to Blame
Markel International, the London-based specialist insurer and division of Markel Corp., has announced its wholesale business will now focus solely on the entertainment book of business within its ...
AmTrust, Ex-CFO Will Pay $10.5M to Settle SEC Charges Of Improper Reporting
The Securities and Exchange Commission (SEC) has charged insurance company AmTrust Financial Services and Ronald E. Pipoly Jr., its former chief financial officer, with failing to disclose material ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
California Compels Insurers to Reduce Workers Comp Premiums
California on Wednesday announced the first regulation requiring insurance companies to reduce premiums paid by employers for U.S. workers' compensation insurance, citing lower risk factors as ...
The Latest Launches From BHSI and Travelers
A division of Berkshire Hathaway Specialty Insurance Company launched new coverage designed for road trip travelers. The Travelers Companies will begin to offer wildfire mitigation services at no ...
Swedish Example Inspires UK Insurers in Bid to Avoid Coronavirus Biz Income Payouts
Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The ...
Buckle Expands Commercial Auto Cover With Purchase of Atlas Subsidiary
Buckle, an InsurTech startup focused on rideshare insurance, has acquired a subsidiary of Atlas Financial Holdings for an undisclosed price. The move allows Buckle to expand its commercial auto ...
The Latest Launches From Aon and AmTrust
Aon said it has expanded the scope of a cyber risk assessment methodology it has developed to help address exposures of remote work. A division of AmTrust Financial Services is launching a new ...
Disgruntled Hiscox Policyholders Launch $50M Arbitration Claim Over COVID Business Interruption Dispute
The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The ...