Tag: COVID-19

May 16, 2022

The decline in profits for four major European reinsurers is down to varying factors, says Fitch Ratings. The agency said that the Q! 2022 results for Munich re, Swiss Re, Hannover Re, and SCOR saw an average return on equity […]

April 28, 2022

To help those whose lives have been impacted by the COVID-19 pandemic, State Farm is offering a $2 million grant to the Local Initiatives Support Corporation (LISC), a nonprofit with which the insurer has a decades-long partnership. The grant will […]

March 11, 2022

The COVID-19 pandemic has now been with us for almost two years. In that time, it has brought hardships and lost profits to many sectors of the business community, from hotels to restaurants to brick-and-mortar stores. As a result, a […]

February 15, 2022

COVID-19 Business Interruption Coverage Litigation This is the third installment of our series of articles reviewing some of the key trends and developments currently impacting the U.S. insurance industry. The issuance of various governmental orders requiring businesses to temporarily modify […]

January 24, 2022

Bank of America (BoA) has said that reinsurers in Europe should post strong last-quarter numbers for 2021, saying that figures for that period may be higher than expected. The bank said it believes that a strong Q4 2021 will contrast […]

January 10, 2022

Analysts at Guy Carpenter have reported that the general aviation and aerospace markets remained “relatively unaffected” by COVID-19 at the January 1, 2022 renewal period. After two years of increases in these markets, the broker reported that reinsurers priced as […]

January 6, 2022

The National Hockey League (NHL), and 20 of its clubs, have filed a lawsuit against their insurance carriers for allegedly breaching contracts by refusing to cover more than $1 billion in COVID-19-related losses incurred over the past two seasons. The […]

December 30, 2021

News about two proposed but unrealized insurance acquisitions were the top national stories published by Insurance Journal in 2021, a year in which news on COVID-19 and ransomware also continued to dominate. Reports on the twists and turns of broker […]

November 19, 2021

As the COVID-19 pandemic began to spread around the world last year, businesses faced unprecedented certainty and disruption, leading to a wave of insurance coverage disputes. Roughly a year and a half later, we are beginning to get some clarity […]

September 30, 2021

In a recent report, S&P Global Ratings says the demand for cyber coverage has increased significantly since before COVID-19 and that a stronger partnership between insurers and reinsurers could help strengthen coverage, give greater balance sheet protection against frequent, high-severity […]