Europeans Buy Older Cars to Avoid Public Transport During Pandemic November 30, 2020 By Nick Carey and Inti Landauro LONDON/MADRID – Want a cheap used car to nip around town without running the gauntlet of coronavirus on public transport?...
Praedicat Develops Insurance Tool for COVID-19 Liability November 23, 2020 Praedicat, the Los Angeles-based liability emerging risk modeling firm, has developed an insurance tool for the casualty insurance market, which...
South African Insurer Santam to Appeal COVID-19 Business Interruption Ruling November 20, 2020 Santam said on Friday it would appeal against a court ruling that found South Africa’s largest non-life insurer liable to...
Global COVID-19 Insurance Losses to Be Higher than Early Estimates: Lloyd’s Chairman November 19, 2020 By Noor Zainab Hussain and Carolyn Cohn Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had...
South African Insurer Santam Loses COVID-19 Business Interruption Test Case November 18, 2020 By Roxanne Henderson A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening...
Ten Largest Insurance Markets Likely to See 4.5% Drop in GDP During 2020 November 17, 2020 The world’s 10 largest insurance markets are cumulatively expected to see their gross domestic product (GDP) decrease by 4.5% in...
Professional Liability Underwriters Feeling Pressure From COVID: AM Best November 13, 2020 The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many...
Zurich Insurance Reports Sales Growth, Higher Rates, Modest COVID-19 Claims November 12, 2020 Zurich Insurance Group saw increased commercial lines insurance sales and a modest impact from COVID-19 related claims for the first...
P/C Insurers Face Workforce, Risk, Policy Challenges as Pandemic Continues November 9, 2020 Given that business-as-usual is unlikely to return soon due to the coronavirus pandemic, U.S. property/casualty insurers will continue to face...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh November 6, 2020 Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes...