U.S.
More Negative Rating Actions Coming for Reinsurers Over the Next Year: S&P
Despite the global reinsurance sector's "robust capital position" and "very high rate rises," which are expected to "carry on for the remainder of year, and continue for major renewals in 2021," ...
Schools Dogged by Unaddressed COVID-19 Insurance Liability Questions: A.M. Best
Questions about COVID-19-related insurance liability are dogging schools as they begin classes, and answers remain elusive, according to new commentary from A.M. Best. "Uncertainty about the plethora ...
Moody’s Downgrades Global Reinsurance Sector Outlook
Moody's downgraded its outlook for the global reinsurance sector to negative from stable, citing a challenging operating environment hampered by the coronavirus pandemic and its adverse impact on ...
Wary Credit Insurers Pull Back, Leaving Suppliers and Retailers in a Bind
Gold Medal International is sitting on millions of dollars worth of socks at its North Carolina warehouse that it can't ship to stores. The reason? The 66-year-old family-owned sock maker can't get ...
Munich Re Saw COVID-19 Claims Slow Down in Q3
German reinsurance group Munich Re said on Monday that claims related to the coronavirus pandemic have slowed so far in the third quarter but that it expects hits from a series of hurricanes in North ...
New Fitness Band Analyzes Your Emotional State and Body: Risk Alerts
Amazon's new Halo Band can analyze your emotional state while it tracks your fitness. Colorado and Massachusetts are now offering weed vending machines.
U.S. Commercial Insurance Prices Continued Robust Climb in Q2 as Uncertainty Mushroomed
U.S. commercial insurance prices continued their robust climb in the 2020 second quarter, rising by close to 10 percent overall compared to the same period a year ago, according to Willis Towers ...
U.S. Insurers Slammed by Natural Disasters Catch Partial Break on Pandemic
As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. Many ...