U.S.
Insurers Need Playbook to Slow Social Inflation; COVID Didn’t Do It
If liability insurers and defendants want to turn the tide of social inflation, they need to come together as teammates with a solid game plan, a reinsurance claims executive said recently. Agreeing ...
Insurers Develop Products for a World Where Virus Outbreaks Are New Normal
Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. While new pandemic-proof ...
The Latest Launches From Verisk and Kovrr
Verisk launched a new program designed to help insurers cover small business risks unique to the gig economy. Kovrr, a cyber risk modeling company, has developed what it bills as an easy-to-use open ...
Executives On The Move at Everest Insurance and Hiscox
Everest Insurance hired a new Head of Casualty Claims. Hiscox promoted an executive to Group Chief Marketing Officer.***
Everest Insurance hired Louis Manger as ...
U.S. Insurers, Wary of COVID-19, Avoid Already Strained Senior Care Market
The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard liability insurance, with rates soaring by as much as 300%, insurance brokers ...
State Auto Extends CEO LaRocco’s Contract for 12 More Months
State Auto Financial Corp's board of directors has extended the contract of President and CEO Mike LaRocco for an extra 12 months, citing the need for "stability and continuity" in the face of ...
Chubb Unveils Public-Private Program for Pandemic Biz Interruption
Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to get money to small businesses ...
Lloyd’s Starts Work With Three InsurTechs With Focus on COVID-19 Response
Lloyd's has started work with three InsurTech startups to help the market respond to the COVID-19 pandemic. As part of its package of measures to respond to the COVID-19 pandemic, Lloyd's has ...