Critical Information for P/C Carrier Executives
| | | Today's Headlines | October 28, 2020 |
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| Every small business has been hurt to some extent by the coronavirus pandemic. As the world of work slowly returns to normalcy, small businesses need to prepare themselves with the right insurance provider so they can effectively do their jobs with as little disruption as possible. One big way small businesses can make ends meet... read more |
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| Chubb's net income grew by 9 percent in the 2020 third quarter, something that Chairman and CEO Evan Greenberg credited to rate hikes and improving underwriting conditions despite a tough environment shaped by the COVID-19 pandemic. Still, the insurer's pre-tax catastrophe losses came close to $1 billion, drivey by wildfires and other global weather catastrophes. read more |
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| Commercial insurers are engaged in coverage language rewrites en masse this year, but "The Great Policy Rewrite" faces some serious obstacles, a coverage lawyer said recently. Even if carriers are just seeking to clarify language, they need to be mindful of the potential impact on the interpretations of prior forms, Michael Byrne, a partner in... read more |
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| U.S. P/C insurance industry net income plunged 26 percent in the 2020 first half, as underwriting results and investment gains took a hit from COVID-19, catastrophes and other instabilities, according to a new report from data analytics company Verisk and the American Property Casualty Insurance Association. read more |
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| A federal judge has ruled that State Farm Fire and Casualty Co. does not have to return premiums to a small business customer because of the insured's reduced business during the pandemic. read more |
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| Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country's largest insurer by market value attracted more retail customers. read more |
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| As activity in the Arctic's waters picks up, insurance companies are grappling with a fundamental question: If something goes wrong, who pays? So far, it's unclear that the cost of a major accident would be completely covered by insurance. read more |
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| A unit of Munich Re is touting new cyber and technology errors and omissions insurance coverage designed to protect U.S.-domiciled organizations with domestic and /or global exposure. A division of Starr Insurance Companies started marketing what it bills as a comprehensive Terminal Management System Assessment Program. read more |
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| The First Notice of Loss experience sets the tone for the entire claim ...
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| Are you prepared for March 19, 2021? On that date, Nacha's ACH Account ...
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| Influencing the auto insurance claims process from the moment of impact reduces ...
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| Given today's environment, how has the value proposition and adoption of smart ...
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| Boost retention by reaching out at the right time with the right message. Auto ...
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