Analysis: Insurers Feel Rising Legal Heat for COVID-19 Business Interruption Exclusions April 28, 2020 By Carolyn Cohn, Suzanne Barlyn and Noor Zainab Hussain Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000...
Some Auto Insurer Premium Discounts Should Be Bigger, Say Consumer Groups April 24, 2020 By Suzanne Barlyn Two consumer groups said on Thursday that some of the largest U.S. auto insurers, including billionaire Warren Buffett’s Geico Corp.,...
Travelers Sees Q1 Profit Fall From Storms; It’s Watching COVID-19 Workers’ Comp Claims April 21, 2020 By Suzanne Barlyn and Noor Zainab Hussain Property and casualty insurer Travelers Cos. Inc. reported a 25% drop in quarterly profit on Tuesday and warned that potential...
Life Insurers Go Slow on New Policies to Limit Coronavirus Risk March 19, 2020 By Suzanne Barlyn U.S. life insurers are trying to curb their own risks to coronavirus by imposing waiting periods for applicants who have...
‘Numbers Guy’ Zaffino Expected to Succeed Duperreault as AIG CEO…Eventually February 12, 2020 By Suzanne Barlyn Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when...
New Laws Spur Insurers to Reserve for Potential Child Sex-Abuse Claims January 24, 2020 By Suzanne Barlyn Travelers Companies Inc. has set aside a “modest” amount of additional money to cover its possible exposure to child sex-abuse...
Ransomware Exposure Driving Up Cyber Insurance Costs January 22, 2020 By Suzanne Barlyn U.S. insurers are ramping up cyber-insurance rates by as much as 25% and trying to curb exposure to vulnerable customers...
Gemini, Seeing Insurance As Key to Future of Virtual Currency, Starts Own Captive January 16, 2020 By Suzanne Barlyn U.S. virtual currency firm Gemini Trust Company announced on Thursday that it has launched its own insurance unit to boost...
Reinsurers Pressure Life Insurers Over Vaping Health Risks December 3, 2019 By Carolyn Cohn, Suzanne Barlyn and Noor Zainab Hussain Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on...
Why James River Insurance Dumped Uber Account November 8, 2019 By Suzanne Barlyn A Bermuda-based insurer that recently severed ties with an Uber Technologies Inc. affiliate said on Thursday the risk of providing...