Industry News
California State Fund Will Now Accept Any COVID-19 Claim From Essential Workers
California's State Compensation Insurance Fund said it is now accepting any claim by an essential worker for a diagnosed case of COVID-19, regardless of whether that worker can demonstrate the virus ...
For Travelers, Q1 Catastrophe Losses Make Greater Impact Than Coronavirus Costs
The Travelers Companies felt relatively small effects from the coronavirus pandemic in the 2020 first quarter, with catastrophe losses from tornadoes and other storms taking more of a bite. ...
AXA XL Builds New Leadership Team, Updates Operating Model
AXA XL formed a new leadership team and has outlined proposed changes to the operating model of its Insurance business following a strategic review. "AXA XL is the result of acquisitions and mergers ...
Some InsurTechs Pursue Growth Plans Despite Pandemic Onslaught
InsurTechs, like all companies these days, aren't immune to business challenges created by the coronavirus pandemic, which has left many businesses shut down or struggling to function in the face of ...
British Insurers Pursue Government Trade Credit Backstop
British insurers are talking to the government about a backstop for trade credit insurance to support business supply chains hit by the coronavirus pandemic, an industry trade body said. States such ...
COVID-19 Aftermath: Employers May Exclude Payroll to Employees Not Working for Workers Comp
Businesses that have suspended operations due to COVID-19 but continue to pay employees who are at home but not working will not have to include the payroll paid to these employees in the calculation ...
Coronavirus-Related Business Failures, Layoffs Will Cause Significant Impact on Workers Compensation Cover
A new analysis of the economic effects of the coronavirus finds that while layoffs of workers will have the most immediate effect on workers compensation, a rise in business failures could pose a ...
Pre-COVID, Cybersecurity Tops Insurer Ranking of Dangerous Risks
When Willis Towers Watson asked more than 100 insurance industry executives to select what they thought would be the most dangerous risks to impact their businesses in the coming year, they ranked ...