Industry News
AIR Worldwide Projects at Least 200,000 COVID-19 Cases Through Rest of March
AIR Worldwide, the Boston-based catastrophe risk modeling firm, projected the number of severe cases of COVID-19 could range between 200,000 and 900,000 globally, with deaths ranging from 10,000 to ...
CIO Checklist: COVID-19 Highlights Need to Revisit Continuity Plans
The importance of well-documented business continuity and disaster recovery plans has reached new urgency with insurers. Natural disasters and cybersecurity issues are on the rise, and new threats ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
Getsafe CEO Sees Coronavirus as Opportunity for InsurTechs to Prove Their Worth
Getsafe CEO and founder Christian Wiens recently responded to the coronavirus pandemic by touting the benefits his and other InsurTechs can offer the insurance industry now and in the months ahead. ...
Fitch Changes Allstate’s Rating Outlook Due to Life Insurance/Coronavirus Concerns
Allstate has been hit with a downgraded rating outlook from Fitch Ratings, driven by the global coronavirus pandemic and the uncertainty it creates in the life insurance business. Fitch said it ...
Lloyd’s Asks Members for Estimates of Coronavirus-Related Losses
Lloyd's of London has asked its member firms to provide estimates of their potential current and final losses from coronavirus, a spokesman said on Tuesday, to help the insurance market understand ...
Industry Body Warns Most British Companies Not Covered for Coronavirus Closures
Most companies in Britain don't have insurance cover for closures caused by the coronavirus outbreak, the Association of British Insurers said on Tuesday. The government recommended on Monday that ...
P/C Innovation Leaders Scarce, AM Best Finds; Reinsurers Reign
In an initial test of its new innovation assessment scores, AM Best found that only 1 percent of rated property/casualty insurers merit scores high enough to categorize them as innovation leaders, ...
Executives On The Move at Everest Re and Willis Towers Watson
Everest Re Group promoted one of its executives to the role of Everest Group chief risk officer and chief actuary. Willis Towers Watson appointed a former Marsh Canada executive to a leadership ...