Florida’s Event Planners Navigate New Insurance Market Reality September 14, 2021 By Elaine Silvestrini COVID-19 has inflicted significant damage on Florida’s events industry, costing revenue, forcing changes in how the state’s venues operate and...
COVID Takes Big Bite from Multiline Insurers’ Earnings, in ‘Manageable’ Event: S&P May 28, 2021 By L.S. Howard The COVID-19 crisis cost 16 global multiline insurers about $8 billion in 2020, although they still reported substantial net profit...
Munich Re to Halt Coverage for Events Canceled Due to Pandemics December 8, 2020 By Tom Sims German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on...
Munich Re to Stop Selling Pandemic Business Coverage September 11, 2020 By Stephan Kahl Munich Re has stopped selling coverage to protect against business losses in future pandemics after the German reinsurer took a...
British Theatres, Concerts Say Shows Will Go on Only With Insurance Help September 8, 2020 By Carolyn Cohn and Barbara Lewis British theaters and live music venues say the show will only go on if the government provides a financial backstop,...
North Dakota State Fair Cancelled for 2020 Due to Coronavirus May 13, 2020 By James MacPherson The North Dakota State Fair is the latest casualty of the coronavirus outbreak, as the number of cases and deaths...
Willis Paints COVID-19 Insurance Loss Big Picture: It’s a Wash or Historic Catastrophe May 7, 2020 By Jim Sams If the novel COVID-19 pandemic is brought under control soon, the disease’s impact on the insurance industry as a whole...
AM Best Warns Losses Could Be Big for P/C Insurers Writing Event Cancellation Business March 25, 2020 Although event cancellation insurance represents a very small percentage of overall property/casualty premium, the losses for carriers that write this...