AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. “We believe that COVID has resulted in a flight to quality and …
The Hartford emerged from the second quarter’s COVID-19 related challenges with an overall profit and a plan to reduce expenses through “headcount reductions,” information technology investments and other moves. The insurer is calling its expense reduction move Hartford Next and …
Global insurer Chubb’s employees have begun to return to their offices in many countries around the world as governments have brought the coronavirus pandemic under control. However, the United State government has not been able to get the virus under …
The coronavirus pandemic has forced global insurer Chubb’s net income to plunge, and in the second quarter, fall to a sizable loss. Chubb lost $331 million compared to net income of more than $1.1 billion during the same quarter in …
For W.R. Berkley Corp. and most other workers’ compensation carriers, rates have declined for some time. That trend could start reversing itself starting in 2021, CEO W. Robert Berkley Jr. predicted recently. “I would not be surprised as we make …
A surge in COVID-19 cases is forcing InsureTech Connect – one of the world’s largest insurance technology conferences – to go fully digital for its annual fall gathering. ITC has scheduled ITC World Tour, a virtual world tour with various …
The Insurance Information Institute, since 1960 a source of insurance data and information for the media and consumers, has agreed to affiliate with The Institutes, an expanding education, research, event and publishing organization that includes the CPCU Society. The boards …
Nationwide, eyeing the possibilities with technology startup Planck’s small commercial insurance data platform, has joined the company’s latest financing round. Planck recently raised $16 million in a Series B venture financing round led by Team8 Capital. All existing investors including …
Home and renters insurer Lemonade disclosed plans for an initial public offering worth as much as $100 million. The New York-based insurtech has applied to use “LMND” as its ticker symbol for the New York Stock Exchange, according to its …
Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to help Hippo – a managing general …
