P/C Insurance First-Half Underwriting, Net Income Drops Tied to COVID August 27, 2020 By Andrew G. Simpson U.S. property/casualty insurance underwriting income dropped 5.5 percent in the first half of 2020 versus the same period last year....
Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market August 25, 2020 By Andrew G. Simpson San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss...
Claims for Business Income Loss Due to Construction Dust Denied in Pre-COVID Case August 21, 2020 By Andrew G. Simpson In an opinion that could inform coronavirus business interruption claims now before various courts, a federal appeals court has ruled...
Pandemic-Afflicted Cruise Operator Carnival Hit by Ransomware August 18, 2020 By Andrew G. Simpson Cruise operator Carnival Corp. said on Monday it launched an investigation into a ransomware attack on one of its brand’s...
Federal Judge Advances Business Interruption Dispute Between Law Firm, Travelers August 17, 2020 By Andrew G. Simpson A federal judge in California disappointed a law firm suing Travelers Insurance over coronavirus lockdown related business interruption claims in...
Consolidation of COVID Business Loss Suits Denied; But Grouping by Insurer Eyed August 13, 2020 By Andrew G. Simpson The legal panel on multidistrict litigation (MDL) has denied a proposal to consolidate cases brought by multiple businesses against various...
Roper to Acquire Insurance Software Firm Vertafore for $5.35 Billion August 13, 2020 By Andrew G. Simpson Florida-based Roper Technologies has agreed to acquire insurance software maker Vertafore in an all-cash transaction valued at approximately $5.35 billion....
Ralph Lauren Suit Alleges Fraud by Insurer Refusing to Cover Coronavirus Losses August 11, 2020 By Andrew G. Simpson Fashion firm Ralph Lauren Corp. is suing its insurer to recoup what it says has been a huge drop of...
Allstate Reports Strong Q2 with Profit Up 49% Despite Pandemic August 10, 2020 By Andrew G. Simpson What pandemic? Allstate’s doing just fine. The giant personal lines insurer reported net income of $1.2 billion for the second...
Progressive Q2 Profit Up on Fewer Accidents; CEO Says ‘Black Lives Matter,’ Vows Action August 10, 2020 By Andrew G. Simpson “Black Lives Matter to me and they matter to us as an organization,” Progressive Corp. CEO Tricia Griffith wrote in...