Industry News
6 Insurers Targeted in Latest Round of Business Interruption Class Action Suits
A Minnesota dentist, an Ohio bridal shop and a New York pizzeria are among six small businesses that are the latest to sue insurers seeking compensation for business interruption claims due to the ...
UK InsurTech Links With Maltese Insurer to Offer Bicycle Insurance
Babel Cover, a British insurtech start-up, is working with Maltese insurer Atlas and emerging technology firm Piprate to insure bicycles of competitive cyclists, triathletes and commuters of Malta. ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Travelers CEO Sounds Alarm: Lawyers Could Slow COVID Recovery
During an earnings conference call yesterday, the leader of Travelers insurance alerted listeners to the possibility that frivolous lawsuits by plaintiffs lawyers could slow down the economic ...
The Latest Launches From Sompo International and Tokio Marine HCC
A division of Sompo International will partner with a Portuguese managing general agent to offer crop insurance products and services to the Portuguese agricultural sector. Tokio Marine HCC will work ...
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 ...