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%,...
Analysis: Fintech Funding Slides as Coronavirus Casts a Chill with Venture Capitalists July 29, 2020 By Iain Withers, Anna Irrera and Tom Wilson Aritra Chakravarty, founder of London-based online accounts and investments provider Dozens, admits it’s a tough time to be seeking up...
Concern Over Small Businesses Grows as Coronavirus Resurges, Federal Aid Expires July 27, 2020 By Howard Schneider The number of outright failures of U.S. small businesses in the first months of the coronavirus pandemic was comparatively modest,...
Geico Sued for Alleged ‘Woefully Inadequate’ Coronavirus Auto Insurance Discount July 24, 2020 By Andrew G. Simpson Berkshire Hathaway’s Geico, the country’s second largest auto insurer, is being targeted by a potential class action for allegedly overcharging...
Travelers Reports Q2 Loss on Catastrophes, Investments; Only Modest COVID Impact July 23, 2020 The Travelers Companies reported a net loss of $40 million for the quarter ended June 30, 2020, compared to net...
Insurers Shift Real Estate Investments from Offices to Warehouses July 17, 2020 By Suzanne Barlyn Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees...
Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz July 16, 2020 Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%,...
How Coronavirus Pandemic Has Disrupted Both Millennials and Boomers July 15, 2020 By Dan Sewell Millennials, are taking a big hit — again. And boomers are not OK, either. Sometimes at odds, America’s two largest...
Second Wave of Coronavirus Lockdowns Could Weaken Insurers’ Capital Buffers: S&P July 14, 2020 Global insurers have proven resilient during the first wave of the COVID-19 pandemic, as their capital strength has helped stave...
Face Masks Will Be Mandatory in English Shops as PM Johnson Responds to Pressure July 14, 2020 By Thomas Penny Face coverings will be compulsory in all shops in England from July 24 as part of attempts to stop the...