Lemonade Revving Up to Enter Car Insurance Market April 20, 2021 Lemonade, the insurance company that uses artificial intelligence and behavioral economics, plans to add car insurance to its current renters,...
Broker Howden Launches Retail Operation in Switzerland, with Aon’s Jenny as CEO April 20, 2021 Howden, the London-based insurance broker, announced that it has appointed Felix Jenny to lead its new retail operation in Switzerland....
UK Car Insurance Premiums Drop to Lowest Level Since 2015: WTW Survey April 20, 2021 The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their...
South Africa to Launch Compensation Fund to Allay Vaccine Makers’ Liability Concerns April 20, 2021 JOHANNESBURG – The South African government’s compensation fund to cover potential injuries from COVID-19 vaccines could cost around 250 million...
Everest Re Estimates Q1 2021 Catastrophe Losses of $260 Million April 20, 2021 Bermuda-based Everest Re Group Ltd. estimates pre-tax catastrophe losses for the first quarter of $260 million. Breaking down that total,...
First United Insurance Division Rebrands as Unity Insurance Partners April 20, 2021 Unity Insurance Partners is now the name of the insurance division at Plano, Texas-based financial services firm, First United. First...
Insurers Report Estimated Q1 Catastrophe Losses April 20, 2021 Carriers are starting to report their pretax catastrophe loss estimates for the 2021 first quarter, and the numbers are significant....
How Meatpacking Plants’ COVID-19 Cases Hurt Counties April 20, 2021 An estimated 334,000 COVID-19 cases are attributable to meatpacking plants, resulting in $11.2 billion in economic damage, according to a...
With Claims Rising, Cyber Insurers Need More Than Sizable Rate Increases: Fitch April 20, 2021 Cyber insurance underwriters are reporting substantially higher claims losses in 2020 than in prior years and as a result face...
Digital E&S Broker Pathpoint Releases Lessor’s Risk Commercial Package April 20, 2021 Pathpoint, a digital excess and surplus lines insurance distributor, has launched its Lessor’s Risk Only (LRO) Commercial Package for agents...