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...
Insurance Broker Acrisure Acquires Tulco’s Artificial Intelligence Insurance Business July 29, 2020 Insurance broker Acrisure announced that it has acquired artificial intelligence (AI) company Tulco LLC’s insurance practice with the aim of...
Brown & Brown CEO Sees ‘Sporadic’ Economic Recovery Ahead After Own COVID Recovery July 29, 2020 By Andrew G. Simpson Insurance broker Brown & Brown, Inc. reported second quarter revenues of $598.8 million, an increase of $23.6 million, or 4.1%,...
Celebrating Insurers Warned Michigan COVID Ruling Not Knockout Punch They Wanted July 29, 2020 By Susanne Sclafane A recent ruling from a Michigan judge that business interruption claims payouts require tangible alteration to a property may have...
McConnell’s Liability Shield Among Hurdles for Coronavirus Relief Bill July 29, 2020 By Erik Wasson and Laura Litvan Stimulus talks between President Donald Trump’s representatives and Democrats bogged down Tuesday over demands by Senate Majority Leader Mitch McConnell...
Citing Safety, Union Sues to Block Trump Waivers That Speed Up Poultry Lines July 29, 2020 By Mike Dorning A food workers’ union filed a federal lawsuit Tuesday to block Trump administration waivers that allow poultry plants to operate...
Another Specialty Broker Begins Selling Pandemic Insurance Coverage July 28, 2020 By Don Jergler A Newport Beach, Calif.-based specialty broker believes that now is the best time to start offering pandemic insurance. Elite Risk...
GOP Senator Wants to Tie Internet Firms’ Liability Immunity to Curb on Behavioral Ads July 28, 2020 By Nandita Bose Republican Senator Josh Hawley on Tuesday introduced legislation that would penalize large tech companies that sell or show targeted advertisements...
Average Age of Cars Americans Are Driving Nears 12 Years: IHS Markit July 28, 2020 By Joseph White Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to...
Insurtech Fundraising Rises in Q2 with $1.6 Billion Invested July 28, 2020 Following the COVID-19-induced slowdown in global insurtech investment during the first months of 2020, insurtech firms raised $1.56 billion during...