News
APCIA Asks Regulators for More Coordination on COVID Data Calls
Delivering remarks about the property/casualty insurance industry's response to the growing impacts of COVID-19 on policyholders late last week, an industry group executive called on the NAIC to ease ...
Robots Rising: Coronavirus Fuels Non-Human Labor Demand
A shortage of workers and restrictions on human contact because of the coronavirus pandemic is driving up demand for service robots in China, potentially boosting a sector that has struggled to scale ...
Pandemic Bonds Prove Better for Investors Than Stricken Nations
To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of "pandemic bonds" several years ago: the idea was to leverage private capital ...
ISC, an InsurTech and MGA, Makes Fourth Acquisition Since 2016 Launch
Integrated Specialty Coverages, an InsurTech startup and managing general agent, recently acquired Access Partners Insurance Services, a multiline wholesale broker. Neither side disclosed financial ...
FEMA Challenges: Coronavirus + Climate Stretch Federal Agency Resources
It wasn't until Wednesday, five days after President Donald Trump declared a national emergency, that the Federal Emergency Management Agency announced it was "leading the federal coordination" to ...
Donelan Set to Become CEO of Sompo International Re Biz
On Friday, Bermuda-based Sompo International Holdings Ltd. announced that Christopher Donelan will become the next chief executive of Sompo International Reinsurance. Donelan is currently the Deputy ...
Pressure Builds on Insurers to Be Part of Coronavirus Business Solution
While federal and state legislators try to fashion financial relief for businesses interrupted by the public health actions related to coronavirus, pressure is mounting on private property/casualty ...
Specialty P/C Insurers More Likely to See Business Interruption Losses: Analyst
The original property/casualty insurance industry reaction that business interruption losses may be modest may have been too optimistic, according to a leading insurance analyst. KBW's Meyer Shields ...