Q1 Insurtech Fundraising Drops 54% on COVID-19 Disruption: Willis Towers Watson May 8, 2020 Overall funding for insurtech investments decreased by 54% during the first quarter as a result of the COVID-19 crisis, compared...
April’s Killer Tornadoes Cost Insurers Billions in Claims: Aon Report May 8, 2020 Extensive severe weather events in the United States during April cost insurers billions of dollars, according to the latest edition...
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...
What to Expect in Workers’ Compensation Costs From COVID-19: NCCI May 6, 2020 By Jim Sams If only 10 percent of health care workers contract COVID-19 and all of their claims are deemed compensable, workers’ compensation...
Analysts Tally Workers’ Comp Cost of Exposure to COVID-19 May 5, 2020 By Susanne Sclafane While the potential cost of relaxing a tenet of the workers’ compensation system to deal with extraordinary circumstances of COVID-19...
Non-Life Insurance Claims from Pandemic to Surpass 9/11 Claims: Willis Towers Watson May 1, 2020 Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes...
Most Firms Have Some Cyber Insurance But Gaps in Coverage Remain: Survey April 30, 2020 The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable...
Global Reinsurers See Robust Capital Growth of 15% in 2019: Willis Re April 29, 2020 Total capital dedicated to the global reinsurance industry measured US$605 billion at year-end 2019, reflecting robust 15% year-on-year growth, according...
Most Firms Neglected Pandemics in Annual Risk Assessments: Study April 28, 2020 The risk of a pandemic was known prior to the current health crisis, yet in disclosing their risk factors to...
Top States, Cities For Insurance Claims for Hail Damage April 28, 2020 Texas leads the nation in insurance claims for hail damage— far outdistancing other states with 23% of loss claims filed...