Industry News
Court Orders AXA to Pay Restaurant’s COVID-19 Business Interruption Losses
A Paris commercial court ruled that insurer AXA must pay a restaurant owner two months' worth of coronavirus-related revenue losses, the restaurateur's lawyer said on Friday, possibly opening the ...
Climate Change Making Hurricanes Stronger: Study
Hurricanes have grown stronger over the last four decades—and climate change is likely to blame, says a new study from the National Oceanic and Atmospheric Administration and the Cooperative ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
VC Firm Eos Venture Partners Closes InsurTech Investment Fund
Eos Venture Partners said it has closed an $85 million InsurTech investment fund that will tap into new insurance industry needs. To be known as the Strategic Investment Fund, the investment vehicle ...
Insurance Groups Team Up on Federal ‘Business Continuity Protection Program’
Two property/casualty insurance industry carrier groups and an agents association have unveiled a proposed federal program to replace revenues lost by businesses shut down during pandemics like ...
Generali Sees Net Profit Plunge Due to COVID-19-Related Investment Losses
Generali's first-quarter net profit plunged 84.8 percent to €113 million ($124 million) from €744 million ($815.5 million) reported in Q1 2019 as a result of the impact of the COVID-19 pandemic ...
Reopened Businesses Could Face Legionnaires’ Outbreaks, and Other CM Risk Alerts
Commercial buildings closed during the lockdown may be at risk for a Legionnaires' outbreak. A new study has found a link between diesel exhaust and Parkinson's disease. Virtual meetings have been ...
Executives On The Move at Chubb and Liberty Mutual
Chubb appointed a new chief underwriting officer to lead an arm of its North America retail commercial property and casualty insurance. Liberty Mutual Insurance named a chief underwriting officer for ...
Altamont Capital’s Plan to Acquire Topa Insurance Has Been Suspended
The deal for Altamont Capital Partners to acquire Topa Insurance Group has been called off. Last August, Altamont Capital Partners signed an agreement to acquire Calabasas, Calif.-based Topa ...