Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS March 30, 2020 The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million...
Allianz Australia Taps Laybutt from Deloitte as Chief Risk Officer, Succeeding Callahan March 30, 2020 Allianz Australia announced the appointment of Tara Laybutt as Allianz Australia’s chief risk officer, effective May 11, 2020. Laybutt has...
South Korean Insurers Hit Hard by Evaporating Investment Returns March 30, 2020 By Heejin Kim and Whanwoong Choi Insurers the world over have been walloped by evaporating investment returns, but those in South Korea have been hit particularly...
Sirius International Launches Formal Process to Find a Buyer March 30, 2020 By L.S. Howard Sirius International Insurance Group, Ltd. (Sirius Group) announced it has launched a formal process to sell the company after a...
How Coronavirus Crisis Has Changed Underwriting at Lloyd’s of London March 30, 2020 By Carolyn Cohn, Noor Zainab Hussain and Jonathan Saul Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts,...
GM Settles Faulty Ignition Switch Cases for $120 Million March 30, 2020 By Jonathan Stempel General Motors Co. has reached a $120 million settlement with owners who claimed that their vehicles lost value because of...
From Free Coverage to Medical Masks. P/C Insurers Deliver Some Good News. March 30, 2020 By Andrew G. Simpson While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that...
Washington State Asks Insurers to Extend Coverage to Delivery Drivers March 27, 2020 Washington Insurance Commissioner Mike Kreidler is asking insurers doing business in the state to immediately extend automobile insurance coverage for...
Demotech Affirms Ratings of 37 Florida Insurers; Still Reviewing Others March 27, 2020 By Amy O'Connor Demotech has affirmed 37 of the 46 Florida-based companies rated by the actuarial firm, as of March 26, according to...
Restaurateur Sues The Hartford, Seeking Coverage for Coronavirus Business Interruption March 27, 2020 A well-known California restaurateur has filed a lawsuit against a unit of The Hartford, seeking a declaration that the owner’s...