News
UK Insurers Must Pay More Coronavirus Claims: Parliamentary Committee
Insurers need to pay out on more claims related to the coronavirus pandemic, according to the head of the UK parliamentary committee that oversees the financial industry. "We are concerned that the ...
States Increasingly Expand Workers Comp Eligibility in COVID-19 Cases
Sympathetic state lawmakers and regulators in states both red and blue promise to make COVID-19 a major cost driver for workers' compensation insurers. The governors of Kentucky, Arkansas, North ...
The Latest Launches From Slice Labs and W.R. Berkley Corp.
Slice Labs has expanded the reach of its cloud-based cyber insurance for small businesses. W.R. Berkley Corp.'s Berkley One expanded into Georgia and Rhode Island. *** Slice Labs said that its ...
Analysts Tally Workers Comp Cost of Assuming On-The-Job Exposure to COVID-19
While the potential cost of relaxing a tenet of the workers compensation system to deal with extraordinary circumstances of COVID-19 could top $50 billion, it's more likely to be one-fifth of that, ...
Reinsurance Rendez-Vous 2020 Canceled Due to Coronavirus Pandemic
The 64th Rendez-Vous de Septembre (RVS) in Monaco, which was scheduled to be held Sept. 12-17, has been cancelled due to the uncertainties linked to the coronavirus pandemic. For 63 years, the RVS ...
Some Auto Insurance Pandemic Rebates Are Too Small: U.S. Consumer Groups
Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett's Geico Corp, are short-changing customers on premium rebates as Americans drive ...
Everest Re Expects $150M in Q1 Pretax Losses From Coronavirus-Related Claims
Everest Re Group estimated pre-tax losses of $150 million during the first quarter from claims related to the coronavirus pandemic. The company expects that the majority of pandemic losses will come ...
Executives On The Move at Everest Insurance and AXIS
Everest Insurance made changes to its Commercial Casualty leadership team. AXIS Insurance appointed its first head of Strategy and Innovation for the company's Global Cyber and Technology unit, ...