Demand for Travel Insurance Takes Off As More Destinations Require Coverage March 8, 2021 By Allison Lampert and Noor Zainab Hussain COVID-19 insurance policies are increasingly joining passports and sunscreen as vacation staples, creating opportunities for insurers as more countries require...
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains January 21, 2021 By Noor Zainab Hussain and Suzanne Barlyn Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped...
Cyber Insurers Scale Back as Ransomware Attacks Rise December 17, 2020 By Noor Zainab Hussain and Carolyn Cohn Ransomware attacks increased in terms of both severity and costs this year, forcing insurers to become more selective and even...
Travel Insurance Surges Along with Coronavirus This Thanksgiving November 25, 2020 By Noor Zainab Hussain U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the...
Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman November 19, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
Insurers Remain Unfazed by Risks of Clinical Trials for COVID-19 Vaccine October 12, 2020 By Noor Zainab Hussain, Carolyn Cohn and Ludwig Burger The world is racing towards a vaccine in record time, stirring public concerns about safety to the extent that nine...
Businesses Urge U.S. Insurers to Stop Insuring, Investing in Fossil Fuel Producers September 18, 2020 By Noor Zainab Hussain A group of about 60 American businesses on Thursday urged their insurers to stop providing coverage to and investing in...
Business, Insurers Face Survival Showdowns Over Pandemic Coverage August 18, 2020 By Emma Rumney and Noor Zainab Hussain PILANESBERG NATIONAL PARK, South Africa— Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents...
Beirut Port Explosion to Cost Insurers Approximately $3 Billion: Sources August 9, 2020 By Noor Zainab Hussain and Carolyn Cohn Insured losses from the Beirut port warehouse explosion are likely to total around $3 billion, similar to those from an...