Industry News
Slice Labs Lays Off 28 Employees, Blaming the Current Economic Environment
Slice Labs said it has laid off about a third of its staff due to the pandemic-related economic environment. Tim Attia, CEO and co-founder of the New York-based InsurTech, disclosed the news in an ...
Doubts Remain Whether Postponed Olympics Will Be Held Even in 2021
As the coronavirus spreads in Japan, the chief executive of the Tokyo Games said Friday [April 10] he can't guarantee the postponed Olympics will be staged next year – even with the long delay. ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
California Orders Carriers to Refund Premiums to Drivers, Businesses Slammed by COVID-19
California Insurance Commissioner Ricardo Lara on Monday ordered insurance companies to return insurance premiums to consumers and businesses and provide financial relief during the COVID-19 ...
Trump Jumps Into Business Interruption Coronavirus Claims Fight, Urging Carriers to Pay Up
President Donald Trump on Friday staked out his position in a legal battle over business-interruption claims: Unless the policy excludes pandemics, insurers should pay. Trump spoke about the issue ...
GEICO, The Hartford, Farmers, Erie Insurance Among Additional Carriers Pursuing Customer Coronavirus Relief
A new round of insurers has implemented auto insurance rebates, premium reductions, donations and other measures to help customers impacted by the coronavirus pandemic. Their actions follow earlier, ...
Italy’s Generali Plans Staggered Dividend Payout Despite Regulator Resistence
Italy's biggest insurer Generali on Friday said it would pay its 2019 dividend in two tranches, confirming a total payout of 0.96 euros per share, citing its strong capital position. The announcement ...
Claims Professionals Adjust to a Landscape Changed by Coronavirus Pandemic
The coronavirus pandemic has not shut down the day-to-day business of adjusting claims, but the workload is lighter and claims managers are coping with evolving government regulations and guidelines. ...
P/C Insurance Industry Is Least Affected by Coronavirus Pandemic: Standard & Poor’s
P/C insurance is the least-impacted industry by the coronavirus pandemic, at least so far, according to an analysis from S&P Global Market Intelligence. S&P compiled its analysis for March, ...