Some Details of the $2 Trillion U.S. Senate Coronavirus Rescue Bill March 25, 2020 By Susan Cornwell and Andy Sullivan U.S. senators will vote on Wednesday on a $2 trillion bipartisan package of legislation to alleviate the devastating economic impact...
AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business March 25, 2020 Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this...
What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus March 25, 2020 By Susanne Sclafane and Andrew G. Simpson As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to...
Casino Gambles on Coronavirus Business Interruption Lawsuit Against Lloyd’s, AIG, XL March 24, 2020 A Native American tribe on Tuesday sued a group of insurance companies, asking a court to declare that losses it...
Insurance Makes ‘Essential Business’ List for States Restricting Commerce Due to Virus March 24, 2020 By Andrew G. Simpson Insurance industry professionals might take some pride in knowing that they are considered essential. In states where only essential businesses...
Ransomware Attacks, Funds Demanded Soared in 2019: Beazley March 24, 2020 By Andrew G. Simpson The number of ransomware attack notifications against insurance clients increased by 131 percent in 2019 and the funds demanded by...
Beazley’s Bernacki Named President of AmWINS Special Risk Underwriters March 24, 2020 Global specialty insurance wholesaler AmWINS Group announced that Mark R. Bernacki will join the firm as president of AmWINS Special...
Commentary: Does Business Income Insurance Cover Coronavirus Shutdowns? March 24, 2020 By Bill Wilson On March 16, a lawsuit was filed in district court in New Orleans seeking a declaratory judgment about whether the...
Liability Insurers Report Rise in Claims Against Architects and Engineers March 24, 2020 By Jim Sams Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first...
Consumer Groups Want Auto Premiums to Reflect Coronavirus Curb on Driving March 24, 2020 By Jim Sams The shutdown of workplaces and gathering spots around the country to slow the spread of coronavirus may lead to a...