Insurers Are Creating Products for World Where Pandemics Could Become New Norm July 10, 2020 By Noor Zainab Hussain Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left...
Coronavirus Crisis Heightens Insurers’ Caution About Senior Care Market July 10, 2020 By Suzanne Barlyn The coronavirus pandemic has made it even harder for senior-care centers in the United States to find or afford standard...
Profile: MGA Nexus Group Sets Sights on U.S. Growth, Even During COVID-19 Crisis July 9, 2020 By L.S. Howard Nexus Group, the UK-based managing general agent, is looking to the U.S. for growth opportunities, despite the raging COVID-19 crisis....
Chubb Unveils Public-Private Program for Pandemic Business Interruption July 9, 2020 By Susanne Sclafane Chubb unveiled a proposal for the insurance industry and federal government to partner on covering future pandemic-related business interruptions—and to...
Biggest Uncertainty for UK Insurers Remains Around Business Interruption Claims: BoE July 9, 2020 By Carolyn Cohn and Huw Jones The biggest uncertainty now facing insurers is whether they will have to pay for a raft of business interruption claims,...
What ‘Follow the Fortunes’ Means for COVID-19 Reinsurance Claims July 8, 2020 By Susanne Sclafane How reinsurers will respond when cedents pay their insureds for COVID-related business interruptions remains an open question, legal and insurance...
New Ventures Seize Opportunities as Insurers Cope with Coronavirus Losses July 8, 2020 By Carolyn Cohn Commercial insurers are facing hefty claims from the coronavirus crisis but are also seeing a steep rise in premiums –...
New Business Interruption Insurance Class Action Launched in Canada July 7, 2020 Koskie Minsky LLP and the Merchant Law Group have launched a proposed national class action lawsuit alleging that Canadian insurance...
101 Ways Coronavirus Crisis Has Changed P/C Insurance Pros’ View of Their Job. Or Not. July 7, 2020 By Andrew G. Simpson Has the coronavirus experience changed how property/casualty insurance professionals view their jobs? Yes and no. The biggest change is that...
How to Prepare for the Next ‘Black-Swan’ Event? Lloyd’s Has Some Suggestions. July 2, 2020 By L.S. Howard Lloyd’s of London is proposing solutions that could provide customers with greater protection against a future wave of the COVID-19...