AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’ August 6, 2020 By Mark Hollmer AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains...
The Hartford Achieves Q2 Profit; Next Up Is Cutting Jobs, Investing in IT to Trim Expenses July 31, 2020 By Mark Hollmer The Hartford emerged from the second quarter’s COVID-19 related challenges with an overall profit and a plan to reduce expenses...
Chubb CEO Says U.S. Failure to Manage Covid-19 Hurts Economy, Global Image July 31, 2020 By Mark Hollmer Global insurer Chubb’s employees have begun to return to their offices in many countries around the world as governments have...
COVID-19 Costs Push Chubb to $331M Loss in Q2 July 29, 2020 By Mark Hollmer The coronavirus pandemic has forced global insurer Chubb’s net income to plunge, and in the second quarter, fall to a...
Workers Compensation Rates Could Start Rising in 2021, Says W.R. Berkley CEO July 28, 2020 By Mark Hollmer For W.R. Berkley Corp. and most other workers’ compensation carriers, rates have declined for some time. That trend could start...
Big InsurTech Connect Conference Moves From Vegas to Virtual July 17, 2020 By Mark Hollmer A surge in COVID-19 cases is forcing InsureTech Connect – one of the world’s largest insurance technology conferences – to...
The Institutes to Add Insurance Information Institute to Its Affiliates Roster June 26, 2020 By Andrew G. Simpson and Mark Hollmer The Insurance Information Institute, since 1960 a source of insurance data and information for the media and consumers, has agreed...
Nationwide Insurance Joins Investors in Planck’s $16 Million Financing Round June 15, 2020 By Mark Hollmer Nationwide, eyeing the possibilities with technology startup Planck’s small commercial insurance data platform, has joined the company’s latest financing round....
Lemonade Files Planned IPO Worth Up to $100M June 9, 2020 By Mark Hollmer Home and renters insurer Lemonade disclosed plans for an initial public offering worth as much as $100 million. The New...
Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance June 5, 2020 By Mark Hollmer Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has...