Top

Tag: COVID-19


News

COVID-19 insured loss reports rise 21% in last quarter, near $38bn

April 7, 2021

Via: Artemis BM

Losses and IBNR reserves related to the COVID-19 coronavirus pandemic reported by major insurance and reinsurance companies have risen significantly during the first-quarter of 2021, with the total pandemic loss reported now nearing $38 billion, having risen by 21% during […]


News

Sounding the alarm on another work-from-home perk

April 2, 2021

Via: Business Insurance

There’s working in your pajamas. Trouser-less Zoom sessions. The absence of road rage. And now this: The German Insurance Association says they are noticing significantly fewer home burglaries with more people working from home in the COVID-19 pandemic. Break-ins fell […]


Financial, Risk Management

Lloyd’s reports £2.6bn reinsurance recoveries against £6.2bn gross COVID loss

March 31, 2021

Via: Artemis BM

The Lloyd’s of London insurance and reinsurance market reported a £0.9bn loss for 2020 after significant impacts from the COVID-19 pandemic dented performance, despite significant reinsurance recoveries. In total, Lloyd’s reported an aggregated market loss of £0.9bn for 2020, down […]


News

COVID-19 has not had notable impact on residual market: NCCI

March 23, 2021

Via: Business Insurance

The COVID-19 pandemic has so far not had any notable impact on the workers compensation residual market, according to research released Monday by the National Council on Compensation Insurance. Boca Raton, Florida-based NCCI compared the current residual market with 2019, […]


Risk Management, Trends

2021 a transition year, with reducing COVID-19 P&C exposure: RBC

February 19, 2021

Via: Artemis BM

The insurance and reinsurance industry is likely to experience a “transition year” in 2021, as its recovery from the impacts of the COVID-19 pandemic continues, alongside reducing exposure to it from property and casualty (P&C) contracts, analysts at RBC have […]


Regulatory / Legal

New York Court Finds Insurer Not Responsible for Theater’s COVID-19 Losses

February 17, 2021

Via: Insurance Journal

The Supreme Court of the state of New York, Nassau County, has dismissed a movie theater’s claims that its insurer is responsible for covering its COVID-19 related losses and that its insurance brokers were negligent in providing insufficient coverage. This […]


News

COVID losses likely to exceed Lloyd’s estimate, says Brit

February 12, 2021

Via: Reinsurance News

Specialty insurer and reinsurer Brit has suggested that the COVID-19 pandemic could “significantly exceed” the $107 billion claims estimate predicted by Lloyd’s last year. The comments contrast with the view of some other analysts, such as those at Berenberg, who […]


News

Revealed – which states have the most expensive and cheapest car insurance

February 11, 2021

Via: Insurance Business

Wyoming has the cheapest car insurance in the country, according to a new study from WalletHub. WalletHub’s study looked at the states with the cheapest and most expensive car insurance. It also examined Americans’ opinions on driving, car ownership, and […]


Geo-Political, Risk Management

Lloyd’s launches resilience platform for systemic risks

February 8, 2021

Via: Reinsurance News

Insurance and reinsurance marketplace Lloyd’s of London has announced the launch of Futureset, a new platform and community designed to drive greater societal and economic resilience to some of the largest and most complex global risks. The platform will bring […]


Geo-Political, Risk Management

Hannover Re cites ~10% price rises for US cat reinsurance renewals

February 4, 2021

Via: Artemis BM

Hannover Re gave its report on the January 2021 reinsurance renewals today, citing around 10% price improvement across U.S. natural catastrophe reinsurance business, while across its book renewed business was subject to price increases of 5.5% and premium volumes rose […]