AXA Reports 18% Drop in Net Income During 2020 with COVID Claims of $1.8 Billion February 25, 2021 AXA reported net income of €3.16 billion (US$3.8 billion) during 2020, an 18% drop from €3.86 billion (US$4.7 billion) in...
Lloyd’s Expects to Reopen Underwriting Room in April or May February 19, 2021 By L.S. Howard Lloyd’s expects to reopen its underwriting room on Lime Street in London after Easter from April 12, or after the...
3 Ways COVID-19 Will Continue to Impact Insurance Industry in 2021 February 5, 2021 The effects of the COVID-19 pandemic will be felt by the insurance industry and its customers well into 2021 as...
Irish Pubs Entitled to Get Lockdown Insurance Payments from FBD: High Court Ruling February 5, 2021 DUBLIN – Ireland’s High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for...
Workers’ Compensation Underwriters Under the Gun to Understand Pandemic Data February 4, 2021 Workers’ compensation underwriters are about to be tested in the marketplace like never before. While the current situation is not...
Argo’s Q4 2020 Losses from Natural Disasters and COVID-19 Estimated at $51M February 3, 2021 Argo Group International Holdings Ltd. estimates losses from fourth quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51...
Top Insurance Regulatory Developments of 2020: Part 1 January 22, 2021 By Brian Casey, Zach Lerner and Ben Sykes This is the first installment of a two-part look at the top 10 insurance regulatory developments of 2020 by attorneys...
Travelers Insurance Profit Soared in Q4 on Fewer Claims, Investment Gains January 21, 2021 By Noor Zainab Hussain and Suzanne Barlyn Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts’ estimates on Thursday, helped...
Florida’s Citizens Ends Moratorium on Cancellations, Nonrenewals January 14, 2021 By Amy O'Connor After extending the moratorium on cancellations and nonrenewals put into place at the start of the pandemic, Citizens Property Insurance...
COVID-19 Pressures Threaten About 4,000 Small UK Financial Firms January 7, 2021 By Silla Brush Britain’s market watchdog warned about 4,000 small financial firms are at greater risk of failure from the coronavirus as the...