Coronavirus News
A Crisis Manager on How the P/C Insurance Industry Can Maximize Its Coronavirus Response
"I'm shocked, just shocked that you're suggesting that during a crisis that insurance companies might, in fact, be considered the villains. I've never heard that before." That's Richard Levick ...
Stay-at-Home Pandemic Orders Reduce Auto Claims Almost by Half: Snapsheet
Insurers are reporting a 40-50 percent drop in claims volume for personal auto and a 30-40 percent reduction for commercial auto due to the coronavirus pandemic, an executive for claims-automation ...
QBE Plans $825M Capital Raise to Help Weather COVID-19 Uncertainty
QBE Insurance is planning to raise about $825 million in capital as a result of the economic and investment market uncertainty created by the coronavirus crisis. The company will raise approximately ...
Regulator Warns Most Small UK Companies Lack Pandemic Insurance
Most insurance policies bought by smaller UK companies do not cover disruption caused by the coronavirus pandemic, but those that do should make interim pay-outs quickly, a watchdog said on ...
Analysts: Auto Insurance Coronavirus Rebates a Solid Move in the Short Term
Auto insurers have seen something new with the coronavirus pandemic: an historic reduction in driving due to millions of customers staying home and sheltering in place. That change led to carriers ...
Opinion: Leaders Should Resist Rewriting Property, Business Interruption Coverage
Soon after the attacks on the World Trade Center and other locations on the morning of September 11, President Bush declared that the atrocities were "an act of war." That statement prompted a call ...
Suddenly Everybody Wants Pandemic Cover
In the midst of this pandemic, insurance buyers and their brokers are looking for COVID-19 pandemic coverage, which is like buying property insurance when your house is on fire, according to Tracey ...
Slice Labs Lays Off 28 Employees, Blaming the Current Economic Environment
Slice Labs said it has laid off about a third of its staff due to the pandemic-related economic environment. Tim Attia, CEO and co-founder of the New York-based InsurTech, disclosed the news in an ...