Category: Insurance

November 19, 2020

Intact Insurance Specialty Solutions, the brand for Intact Financial Corporation’s (IFC) U.S. insurance company subsidiaries, has launched cyber insurance options that will be offered in partnership with program manager Resilience Insurance. Through the new partnership, standalone cyber coverages coupled with […]

November 19, 2020

Global insurance losses from the COVID-19 pandemic will be higher this year than the $107 billion Lloyd’s of London had previously estimated, its Chairman Bruce Carnegie-Brown said on Wednesday. Carnegie-Brown told the Reuters Events Future of Insurance USA conference that […]

November 18, 2020

General Motors (GM) – Get Report on Wednesday unveiled a new digital auto insurance platform, OnStar Insurance. A new insurance agency, OnStar Insurance Services, will be the exclusive agent for OnStar Insurance. GM customers who subscribe to the OnStar vehicle-safety […]

November 12, 2020

While the COVID-19 pandemic has slowed business activity around the globe, for underwriters in the Lloyd’s market who were in the process of increasing property insurance rates when the pandemic hit, the timing may be auspicious. Had the outbreak struck […]

November 10, 2020

The COVID-19 pandemic comes with one bright spot for workers’ compensation insurers: Fewer workers are being injured in motor vehicle accidents. A research brief issued by the National Council on Compensation Insurance projects that workers’ compensation claims caused by motor […]

November 9, 2020

A New York man has been charged with arson and other crimes after allegedly setting fire to vehicles in a tow yard and filing an insurance claim to collect the cash. Egor Spiridonov, of Broad Channel, Queens, has been charged […]

November 5, 2020

Insurers appear to have dodged a revival of strict regulations and policy upheavals after an anticipated Democratic “Blue Wave,” which would have allowed progressives to push for broad reforms, failed to materialize on Wednesday, said industry executives. The U.S. presidential […]

November 3, 2020

California Insurance Co. has filed an “Anti-SLAPP” motion the company says is to protect its First Amendment rights in its ongoing legal battle with the California Department of Insurance and Insurance Commissioner Ricardo Lara. Anti-SLAPP laws (Strategic Lawsuit Against Public […]

November 2, 2020

Insurers are bracing for a hit of about $4.3 billion from Hurricane Zeta in the United States, catastrophe modeling company Karen Clark & Co (KCC) said on Monday. At least six people were killed in the southeast of the United […]

October 30, 2020

Insurance is designed to offer peace of mind, but there’s a reason your policy has all that fine print: You might not have the coverage you expect. Like any other insurance policy, renters insurance has exclusions, and knowing about them […]