Monthly Archives: <span>May 2020</span>

Entertainment on the Road

Much like TV and film, touring musical acts have also been hit hard, said Shannon Bare, senior vice president, HUB Entertainment practice, who has specialized in insuring touring artists for about 15 years. In his view, it’s too early to …

The Road Not Traveled

Well, here we are … Over and over again, we kept being asked when the record shattering merger and acquisition (M&A) marketplace would take a turn. When would we reach the top of the peak of the market (mountain)? We …

Insurtechs Will Not Shape the Industry’s Future Alone

Insurtech was once the Wild West of the insurance industry. Many of Insurtech’s early players came from outside insurance after observing the industry struggle to deliver what was, in their view, a competitive customer experience. Led by ambitious entrepreneurs from …

Goodbye Open Plan Office? Hello 6-Feet Social Distancing Workspace?

One-way corridors, buffer zones around desks, and clear plastic screens to guard against colleagues’ coughs and sneezes may become office standards after coronavirus stay-at-home orders are lifted, say occupational experts. Government-mandated lockdown orders to contain the global pandemic have changed …

Buffett Says Berkshire Would Write Pandemic Insurance. That Is, If the Price Is Right.

The chairman of Berkshire Hathaway said that while his insurance units aren’t heavily exposed to underwriting losses from the COVID-19 pandemic, the insurer would be willing to cover pandemics in the future. “The answer is we insure a lot of …

Gaps in Coverage Remain Despite Most Firms Having Some Cyber Liability Insurance: Survey

The majority of businesses are insured against traditional cyber risks, such as breaches of personal information, but most remain vulnerable to emerging risks, such as malware and ransomware, revealing a potential gap in their insurance coverage. A study commissioned by …

Why Trust When You Should Know?

It is often said that people buy insurance trusting that it will be there when they actually need it, and this is very true. But why trust when you should know? Also true, but rarely said is the following, “Often, …

Business Moves

National Paragon, Trident Public Risk Solutions, Argo Paragon Insurance Holdings, a national managing general agency, said it has closed on the previously-announced purchase of Trident Public Risk Solutions from Argo Group. Trident provides insurance and risk management services for public …

Profits to Sink Until 2021 Second Half: Fitch

While insurance rates have risen for nine consecutive quarters due to large catastrophe losses and accelerating claims inflation, Fitch Ratings expects that technical profits won’t be seen until the second half of 2021 as a result of the effects of …

How Do Cyber Policies Stand-Up in a Pandemic?

We are in unprecedented times. If you’re like us, you suddenly found yourself and your company operating entirely remotely and have remained working this way for quite some time. Such an abrupt change can be a challenge for any organization, …