The StarStone United States has announced that the newly created excess and superfluous property dividend will be chaired by Alison Oliphant. Oliphant will be responsible for all aspects of the business unit, including direct control of underwriting teams for the…
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D.C. Judge sides with Insurers on COVID-19 Business Interruption
The insurance industry has marked a victory in the case against several restaurant owners. The case was brought by the owners of restaurant owners against its insurer, Erie Insurance Exchange. They were claiming that commercial insurance policies cover business interruption…
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Lost Jobs amid Pandemic are keeping American People Uninsured
Covid-19 has hit the economy so hard. The uncertainty around the recovery of the economy is costing many jobs. It has become months and the majority of the people in this world are under lockdown condition. Many people have lost…
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Lloyd’s of London to drop licenses and exit US admitted market
Lloyd’s of London recently announced its plans to relinquish its admitted licenses in Kentucky, Illinois, and the US Virgin Islands. In a bulletin, the market said that they will stop accepting the renewal business on an admitted basis on July…
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Insurance sector is now well-capitalized to overcome losses – Swiss Re Institute
COVID 19 pandemic has hit the economy hard. There is not a single business that has left unaffected by this ongoing crisis. The chaos and panic are taking their toll on the economy of every country. Also, people are facing…
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Making Insurers to Pay for COVID-19 BI Claims will lead to a Bankruptcy
This unexpected pandemic has disrupted all the activities going around business and industries. Industry heads, as well as the customers, are getting confused about how to cope with this disaster. Such a strange situation is being faced by the Insurance…
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US insurance Market trends during the Pandemic
The COVID-19 has had a huge impact on the economy. Not only just in terms of money but also in terms of behavior and psychology of the economy itself. The feeling of uncertainty has become pervasive, and consumer focus has…
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Usage-based insurance market size expected to reach $77 billion by 2026
A new study by Valuates Reports has instilled a ray of hope in the insurance market. According to the reports, the global usage-based insurance market is predicted to reach $77.25 billion by 2026. Also, the market is awaited to grow…
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Lemonade raises $319 million in US initial public offering
Lemonade, a tech-driven insurance company known for bringing a revolution in the industry has raised $319 million funds in its US initial public offering (IPO). The company aims on digitizing the process of obtaining homeowners and renters insurance. Also, it…
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BI Claims – Losses Pile up, but there’s no bailout!
At this point, it is safe to say that the coronavirus pandemic has definitely slowed down the economy. It has put a halt to major economic activities. Also, it has swarmed insurers and regulators with Business Interruptions Claims. Forcing insurers…
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