Insured Losses from Europe’s Storm Victoria (aka Dennis) Estimated at €286M: PERILS March 30, 2020 The initial insured property loss estimate for Europe’s extratropical cyclone “Victoria,” also known as “Dennis,” is an estimated €286 million...
From Free Coverage to Medical Masks. P/C Insurers Deliver Some Good News. March 30, 2020 By Andrew G. Simpson While the property/casualty insurance industry is fighting attempts to force it to pay for the huge business income losses that...
Cannabis Deemed an ‘Essential’ Business. Will Insurance Landscape Change? March 26, 2020 By Don Jergler It’s not just toilet paper and hand sanitizer people have been stocking up on during the COVID-19 crisis. Inventory levels...
Cyber Insurance Sales to U.S. Businesses Picking Up: Marsh March 26, 2020 The share of businesses buying cyber insurance continued to increase in 2019, driven by growing recognition of cyber threats as...
How Policy Silence on Pandemics May Bedevil Insurers on Coronavirus Claims March 26, 2020 By Susanne Sclafane Silence may be deadly for property/casualty insurers writing commercial insurance, an executive of an insurtech that specializes in analyzing insurance...
What State Insurance Regulators Have Asked of P/C Insurers to Address Coronavirus March 25, 2020 By Susanne Sclafane and Andrew G. Simpson As state insurance regulators monitor and respond to the coronavirus impact on insurance, property/casualty insurers are calling on them to...
Ransomware Attacks, Funds Demanded Soared in 2019: Beazley March 24, 2020 By Andrew G. Simpson The number of ransomware attack notifications against insurance clients increased by 131 percent in 2019 and the funds demanded by...
Insured Losses for Europe’s Storm Sabine (aka Ciara) Estimated at €1.55B: PERILS March 24, 2020 The initial loss estimate for extratropical cyclone Sabine”, also known as “Ciara” and “Elsa,” is €1.55 billion (US$1.8 billion), according...
Fitch Revises Outlook for London Insurance Sector to Negative on COVID-19 Impact March 24, 2020 Fitch Ratings has revised its outlook for the underlying fundamentals of the London market insurance sector to negative from stable....
Liability Insurers Report Rise in Claims Against Architects and Engineers March 24, 2020 By Jim Sams Increased billings by architecture and engineering firms generated bigger professional liability premiums in 2019 but also led to the first...