News
Insurance Information Institute Will Brief State Regulators on Coronavirus P/C Insurance Impact
The Insurance Information Institute will brief state regulators this week on the financial impact/policy coverage issues raised by COVID-19 in the U.S.'s property/casualty insurance markets. The ...
Canopius Buys Majority Stake in MultiStrat Holdings, a Bermuda-based Specialty Reinsurer
Canopius Group Ltd. has purchased a majority stake in Bermuda-based MultiStrat Holdings Ltd. Neither side disclosed financial terms. MultiStrat is a specialty reinsurance group that writes both ...
Banks Still Lend After Floods; Insurers Are Backing Out
Only a year after losing their homes to floods in parts of Australia's north eastern coast of Queensland, people are moving into new houses built on or near the same plots. But while banks have been ...
American Family Closes Regional Office for Cleaning After Possible Employee Coronavirus Exposure
American Family Insurance Co. closed a regional office last Friday out of concern that an employee may have been exposed to an airline passenger on a March 4 domestic flight who later tested positive ...
British Insurers No Longer Sell Travel Insurance to New Customers
British insurers Admiral , Aviva and Direct Line are no longer offering travel insurance to new customers, they said on their websites on Friday. "The ongoing global situation with coronavirus means ...
Executives On The Move at QBE North America and Acadia Insurance
QBE North America recently appointed a new chief operating officer. W.R. Berkley's Acadia Insurance brought on a former New Hampshire insurance commissioner as its chief underwriting officer. *** QBE ...
U.S. Cybersecurity Report Calls for Major Government Role in Cyber Insurance
A major government report on cybersecurity that warns the nation is seriously underprepared for cyber attacks calls for the creation of a federally funded center to develop cybersecurity insurance ...
Buffett Cancels ‘Woodstock for Capitalists’ Due to Coronavirus Worries
Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc's annual shareholder weekend, the largest gathering in corporate America, because the safety of ...