News
First Anniversary of COVID-19 Shutdown Orders Could Spur New Wave of Lawsuits
The upcoming anniversary of COVID-19 shutdown orders may reveal whether a significant number of policyholders have been waiting on the sidelines before suing their insurers for business-interruption ...
Generali CEO Donnet: Insurers Can’t Handle Pandemic Risk on Their Own
Europe's insurance industry doesn't have the capacity to deal with the systemic risk of a pandemic and more protection needs to be put in place through private-public partnerships, the head of ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Hippo to Go Public Through Reverse Merger Valuing Company at $5B
Hippo has become the latest InsurTech with plans to go public through a reverse merger transaction with a Special Purpose Acquisition Company. The startup – an MGA focused on digital homeowners ...
Progressive’s ‘Apron Relief’ Continues; Snapshot 30-Day Monitoring Available
While Progressive gave back more than $1 billion of premiums last year, and lowered rates in recognition pandemic-related reductions in driving activity, the insurer is offering more potential ...
Alleghany Corp. CEO Hicks to Retire; Brandon Will Replace Him
Alleghany Corp. has triggered a changing of the guard, with a new CEO slated to take over at the end of 2021. Current CEO Weston Hicks will retire as CEO and as a director of property/casualty ...
Next Insurance Will Acquire Digital Agency AP Intego
Digital commercial insurance company Next Insurance has agreed to acquire AP Intego, a Massachusetts-based digital insurance agency providing small commercial insurance products. Neither side ...
Microsoft: Chinese Hackers Struck Groups Via Server Software
A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft mail server software, the company and outside researchers said on Tuesday - ...
Hiscox Loses Money From Virus Claims; Cites ‘Brand Damage’ From Court Case
British insurer Hiscox reported a big loss for 2020 after a jump in claims from businesses disrupted by the COVID-19 pandemic and also faces "brand damage" from a legal dispute over policy wordings ...