Critical Information for P/C Carrier Executives
| Today's Headlines | July 13, 2020 |
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If liability insurers and defendants want to turn the tide of social inflation, they need to come together as teammates with a solid game plan, a reinsurance claims executive said recently. Agreeing with other experts speaking at a reinsurance seminar that the pandemic may actually increase levels of social inflation that were already impacting U.S.... read more | | |
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Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in its latest sigma report. Moreover, the pandemic has sparked an uptick in general "risk awareness," which could support growth for the insurance... read more | | |
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W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. read more | | |
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Allstate Corp.'s plan to pay $4 billion for National General Holdings Corp. and become a dominant player in the independent agency channel drew a positive response from S&P Global Ratings. read more | | |
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Lloyd's announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market leader. read more | | |
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Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis. read more | | |
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Legal & General called on Friday for the British government to introduce tighter building regulations to reduce carbon emissions in order to reach its net zero target by 2050. read more | | |
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Insurity said it has snatched up Virtual MGA, a Texas-based company with a cloud-based binding authority, underwriting and distribution product for wholesale brokers, syndicates and MGAs. read more | | |
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