U.S.
With a Few Exceptions, Insurers Are Unlikely to Cushion Coronavirus Losses
Don't look for much relief from insurers to cushion losses from canceled events, travel disruptions and potential medical claims from the deadly Covid-19 virus that's sweeping across the globe. The ...
Coronavirus Concerns May Curb Events at Berkshire Hathaway’s May 2 Annual Meeting
Berkshire Hathaway Inc, the conglomerate run Warren Buffett, said it will hold its annual shareholder meeting on May 2 despite the coronavirus outbreak, but may curtail some of the surrounding ...
Most Insurers Falling Short of Ambitions for Advanced Analytics
The last two years have been a reality check for the many insurers that fell short of their aspirations for implementing advanced analytics to improve key areas like customer experience, claims and ...
Lemonade Launches Nonprofit Foundation With $20M Endowment
Lemonade has established a nonprofit foundation designed to promote the use of AI, data and software to build socially impactful products and programs globally. Dubbed The Lemonade Foundation, the ...
Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare ...
D&O Coverage Challenges Are Increasing: A.M. Best
Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary ...
The Latest Launches From Lloyd’s, Sompo International and Beazley
Lloyd's now offers an insurance policy to protect cryptocurrency held in online wallets against theft or other malicious hacks. Sompo International Holdings Ltd. said one of its U.S. units partnered ...
Global Insurers, Reinsurers Face Coronavirus Outbreak Exposures: Moody’s
Global insurers and reinsurers are exposed to the coronavirus outbreak directly through a potential spike in claims, and indirectly through the impact on economic growth and the resultant financial ...