Federal Coronavirus Business Interruption Suits Now Top 100; Many More Expected May 22, 2020 By Jim Sams A federal court has received notice that 101 lawsuits have been filed as of Wednesday seeking coverage from insurers for...
Update: Generali 1st Quarter Net Profit Plunges 84.8% on COVID-19 Investment Hit May 21, 2020 By L.S. Howard Generali’s first quarter net profit plunged 84.8% to €113 million (US$124 million) from €744 million (US$815.5 million) reported in Q1...
When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal May 21, 2020 By Lawrence White, Carolyn Cohn and Pamela Barbaglia Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing...
UK’s Aviva Expects COVID-19-Related Claims of Nearly $200 Million May 21, 2020 By Carolyn Cohn British insurer Aviva expects 160 million pounds ($195 million) in claims related to the coronavirus pandemic and weaker second quarter...
Activist Shareholder Urges Watford Holdings to Sell Itself, or Be Put Into Runoff May 20, 2020 By L.S. Howard Capital Returns Management LLC, the fifth largest shareholder of Watford Holdings Ltd., is urging the re/insurer to sell itself or...
North Carolina Revises Workers’ Comp Premium Rules Related to COVID-19 May 20, 2020 Two new rule revisions to the North Carolina Basic Manual for Workers Compensation and Employers Liability (NC Basic Manual) related...
Insurer Beazley Raises $300M to Strengthen Balance Sheet on COVID-19 Uncertainties May 19, 2020 By L.S. Howard Beazley, the Lloyd’s specialist insurer, announced it raised £247 million (approximately $300 million) in capital via an equity placement designed...
How Coronavirus Has Affected Auto Insurance Shopping May 19, 2020 This year began with auto insurance buyers shopping around more than ever but by mid-March shopping began to slow down...
AM Best’s Stress Testing Indicates Most Insurers Can Withstand Pandemic Hit May 18, 2020 Analysts at the AM Best ratings firm say their initial stress tests of insurance companies globally to gauge the preliminary...
The Facts About Supposed ‘Illegal Acts’ Exclusions May 18, 2020 By Christopher J. Boggs Is the Insurance Policy Affected if the Business Opens Against a Governor’s Orders: The Facts About Supposed “Illegal Acts” Exclusions...