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Category: Insurance


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How to Save Money on Homeowners Insurance

May 21, 2020

Via: TheStreet

Insurance for a home protects homeowners and their personal items in case of damage caused from a storm or theft to more major issues such as a fire. A house, townhome or condo is typically the largest asset owned by […]


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How Coronavirus Has Affected Auto Insurance Shopping

May 19, 2020

Via: Insurance Journal

This year began with auto insurance buyers shopping around more than ever but by mid-March shopping began to slow down before returning to normal a few weeks later. According to the data firm LexisNexis, shopping has closely mirrored other pandemic […]


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National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator

May 11, 2020

Via: Insurance Journal

National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the private sector cannot afford to provide such broad coverage on its own. Countries have introduced lockdowns to fight the coronavirus […]


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Forced Payouts of Pandemic Claims Risk Insurers’ Financial Stability: Regulators

May 7, 2020

Via: Insurance Journal

Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk, global insurance regulators said. Disputes over cover for businesses struggling to stay afloat during coronavirus lockdowns have erupted in countries […]


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Insurers’ Loss Estimates Linked to Coronavirus Range Widely: Analysis

May 5, 2020

Via: Insurance Journal

Insurers are normally great with numbers. But the coronavirus pandemic has them struggling to estimate how many billions of dollars in losses they face, and what the fallout will be for their massive investment portfolios. Executives, lawyers and analysts say […]


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Maryland Insurance Administration Warns Against COVID-19 Insurance Scams

May 4, 2020

Via: Insurance Journal

Maryland Insurance Commissioner Al Redmer Jr. has warned consumers to watch for insurance scams related to the COVID-19 pandemic. Reports of pandemic-related fraud are increasing around the country, according to a press release issued by the Maryland Insurance Administration. People […]


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Non-Life Insurance Claims from Pandemic to Surpass 9/11 Claims: Willis Towers Watson

May 1, 2020

Via: Insurance Journal

Insurance broker Willis Towers Watson on Friday estimated general insurance losses between $32 billion and $80 billion across key classes in the United States and UK from the novel coronavirus, surpassing claims from the 9/11 attacks. A report by the […]


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Markel Estimates COVID-19 Losses of $325 Million

April 30, 2020

Via: Insurance Journal

Diverging from strategies of some competitors, Markel Corp. established a big reserve for a chunk of its potential COVID-19 exposure for the entire year—putting up $325 million for direct potential losses. The holding company for specialty insurance and reinsurance, ILS […]


Activity, Insurance

Insurers Promote Federal Pandemic Insurance Plan to Congress

April 29, 2020

Via: Insurance Journal

The U.S. insurance industry is promoting the idea of an insurance plan backed by the federal government that would help businesses that in the future suffer losses from a pandemic, people familiar with the effort told Reuters. The campaign involves […]


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Insurance Premium Discounts, Other Accommodations Offered During Coronavirus Crisis

April 24, 2020

Via: Insurance Journal

The group of property/casualty insurers offering auto insurance premium discounts to recognize that insureds are driving less during the coronavirus crisis continues to grow, and now includes all major auto insurers. Most discounts are for personal lines auto customers, however […]