Lloyd’s Expects to Reopen Underwriting Room in April or May February 19, 2021 By L.S. Howard Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the...
Viewpoint: Biometric Information Privacy Statutes Could Be a Minefield for Insurers February 19, 2021 By Brett A. Scher and Jean Y. Liu In recent years, there has been a dramatic increase in private entity use of biometric-dependent technology to assist with employee...
AM Best Upgrades E&S Outlook; Praises Resiliency, Clear Terms Amid Pandemic February 19, 2021 A.M. Best has upgraded its outlook for the U.S. excess & surplus lines insurance sector citing its resiliency in the...
Fitch Sees ‘Modest’ Homeowners Insurance Underwriting Loss for 2020 February 19, 2021 The homeowners insurance industry is poised to shift to a modest underwriting loss for 2020, reports Fitch Ratings, citing losses...
UK to Set Up Green Finance Hubs to Encourage Banks, Insurers to Invest in Renewables February 19, 2021 By Alex Morales The UK will set up green finance hubs in Leeds and London as part of efforts to encourage lenders and...
Insurers Expect ‘Hundreds of Thousands’ of Claims from Texas Storm February 19, 2021 By Suzanne Barlyn U.S. property insurers are bracing for claims for damage from collapsing roofs, bursting pipes and lost business as Texas takes...
UK Court Rules Uber Drivers Should Be Classed as Workers, in Blow to Business Model February 19, 2021 By Costas Pitas LONDON – A group of Uber drivers are entitled to worker rights such as the minimum wage, Britain’s Supreme Court...
SPAC Backed by AmTrust Executives Files for $300M IPO February 19, 2021 By Sohini Podder A blank-check firm, backed by AmTrust Financial Services Chief Executive Officer Barry Zyskind, is looking to raise $300 million through...
Caribbean Agricultural Workers Keep Fighting for Compensation from Pesticide Exposure February 19, 2021 By Danica Coto SAN JUAN, Puerto Rico – Agricultural workers who have long sought compensation for contamination from a pesticide banned in France...
Swiss Re Reports Larger-Than-Expected Annual Loss of US$878 Million February 19, 2021 Swiss Re swung to a larger-than-expected annual loss on Friday, pressured by $3.9 billion in claims and reserves related to...