Articles by Thomas Black and Katherine Chiglinsky

Bursting Pipes, Sagging Roofs Strain Texas Adjusters, Contractors

After the big freeze in Texas comes the big thaw — and the big demand for workers to repair the broken pipes and sagging roofs the retreating ice and snow will reveal. It could take months for contractors to fix …

Insurers Overwhelmed by Demand for D&O Coverage for Blank Check Companies

The SPAC boom is overwhelming a key player in the creation of a blank-check companies: insurers. Firms selling directors-and-officers liability policies for special purpose acquisition companies have been flooded by the listings that surged last year. That’s caused insurers to …

Insurtech Hippo in Talks to Go Public via Merger With SPAC: Bloomberg

Hippo, an insurance technology startup, is in talks to go public through a merger with a special purpose acquisition company, according to people with knowledge of the matter. The transaction with Reinvent Technology Partners, a special purpose acquisition company that …

Low-Level Jobs, Less School Could Mean Costly Auto Policies

Drivers with less education and lower-ranking jobs could wind up paying more for auto insurance, magnifying the impact of systemic racism, according to a Consumer Reports analysis. The consumer-advocacy group sought price quotes from several insurance companies for a hypothetical …

First Coronavirus Business Interruption Trial Gets Underway

The owners of a restaurant in the heart of the New Orleans French Quarter are asking a Louisiana judge to order some Lloyd’s of London insurers to cover losses from the Covid-19 outbreak — the first of a growing number …

How to Address the Next Uninsurable Pandemic — A Black Swan Event

There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses discovering they weren’t covered. It’s resulted in courts packed with …

Many Californians Being Left Without Homeowners Insurance Due to Wildfire Risk

Acquiring home insurance has long been a mundane but necessary chore. In California, for hundreds of thousands of residents, it’s turned into a labyrinthine quest that leaves people with expensive, bare-bones coverage. That’s because an increasing amount of Californians have …

Independent Film Productions Shut Down as Virus Insurance Is Hard to Find

For independent filmmakers, the Covid-19 pandemic has added a new hurdle to the already challenging task of lining up financing: finding insurance to cover virus-related interruptions. Lenders are demanding it, and it’s tough to get. So tough, in fact, that …

Insurers Winning Most, But Not All, COVID-19 Business Interruption Lawsuits

In the multibillion-dollar fight over insurance coverage for pandemic-related business losses, a Florida gynecologist succeeded where more than a dozen professional baseball teams and an iconic Hollywood restaurant failed. Since COVID-19 sparked government-ordered shutdowns in March, judges have dismissed more …

Allstate Hires Only Banks Owned by Minorities, Women, Veterans for Big Bond Sale

Allstate Corp. hired solely banks owned by minorities, women or veterans for its bond sale, in the biggest corporate deal yet managed only by diverse firms. The insurer enlisted Loop Capital Markets, Academy Securities, Samuel A. Ramirez & Co., Siebert …