U.S.
The Hartford Produces Q2 Profit; Announces Job Cut, IT Investment Plans
The Hartford survived second quarter COVID-19 related challenges by producing an overall profit, though the property/casualty insurer announced plans to reduce expenses through job cuts and other ...
Cyber Attacks and Identity Fraud Continue to Rise: Munich Re’s HSB
Consumer-focused identity theft, cyber attacks and online fraud are continuing to rise or remain at robust levels, a new national survey by Munich Re's HSB has found. Nearly 16 percent of individuals ...
Chubb CEO Greenberg Laments U.S. Govt. Covid-19 Setbacks, Promotes Diversity Initiatives
Chubb's employees have begun to return to their offices in many countries around the world as governments have brought the coronavirus pandemic under control. That's been a problem in the United ...
COVID-19 Couldn’t Stop Robust Quarter for ILS Issuance: Aon
Usage of insurance linked securities the first six months of 2020 is already 20 percent higher than all of 2019, underscoring the sector's momentum and resilience even with the coronavirus pandemic, ...
Liability Shield Controversy Bogs Down Talks Over Coronavirus Relief Bill
Stimulus talks between President Donald Trump's representatives and Democrats bogged down Tuesday over demands by Senate Majority Leader Mitch McConnell that his proposed changes to liability law be ...
The Hanover Sees Limited COVID-19 Financial Impact to Date
The Hanover Insurance Group Inc. saw higher net income in the 2020 second quarter compared to the same period a year ago, with limited impact to date from the COVID-19 pandemic. The ...
Chubb Loses $331M in Q2, Slammed by COVID-19 Costs
Over just two quarters, the coronavirus pandemic has forced Chubb's net income to plunge, and now, swing to a sizable loss. Chubb lost $331 million, or $0.73 per share during the 2020 second quarter, ...
U.S. P/C Insurers Saw Record Q1 Surplus Drop, but Fundamentals Remained Solid: APCIA/Verisk
The U.S. property/casualty insurance industry saw its surplus drop by a record amount in the 2020 first quarter, thanks to stock market turmoil driven by the coronavirus pandemic's rapid arrival. But ...