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If you own business Interruption insurance, and your business gets interrupted by COVID-19, the income you lose must be covered by your policy, right? Not exactly, as people across the country are now discovering. Much to their surprise and chagrin, business owners are learning that business interruption insurance typically only pays out when there is... read more
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Defense attorney Ellen Greiper reported receiving more than the usual number of phone calls from plaintiffs attorneys earlier this month, suggesting that the call dynamics could be signaling a COVID-driven change in social inflation trends. "I have had a flurry of phone calls, I would say in the last two weeks, from plaintiffs who are... read more
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Workers compensation provider Pie Insurance announced the closing of $127 million in new financing and capital commitments. Gallatin Point Capital joined the InsurTech's current investors in the capital raise, including Greycroft, SVB Capital, Aspect Ventures, Elefund and Sirius International Insurance Group. The company said the new financing includes $27 million to support the continued expansion... read more
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SPONSORED BY: EIS
As people navigate the complexities of modern life, they're confronted with a seemingly endless series of opportunities, responsibilities, and choices. That's especially true when it comes to insurance. A digital insurance ecosystem mirrors the experience of buying insurance in the real world. Except that it's fast, simple, and personalized... read more
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Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it's a bit noisy. Apple mobility trends show searches for directions down only 4 percent from baseline, but gasoline consumption was 25-35 percent off the numbers from... read more
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Two of Europe's largest insurers are gearing up to sell billions of euros in life assets—a niche corner of dealmaking keeping bankers busy amid the coronavirus pandemic. Allianz SE is planning to divest as much as 9 billion euros (US$9.9 billion) of life insurance assets in countries including Italy, according to people familiar with the... read more
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U.S. consumers surveyed by IBM in April said they plan to make significant changes in the way they go about their lives and work in the wake of the coronavirus, voting thumbs down on rideshares and thumbs up on remote work. The study by the IBM Institute for Business Value polled more than 25,000 U.S.... read more
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A contact tracing app pushed by the governors of North Dakota and South Dakota as a tool to trace exposure to the coronavirus violated its own privacy policy by sharing location and user identification information with third-party businesses, according to a report from a tech privacy company. The Care19 app, developed by ProudCrowd, of North... read more
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Have you been missing something amid the lockdowns and stay-at-home orders? No, not human contact. Not even toilet paper. Robocalls. Industry experts say robocalls are way down—scam calls as well as nagging from your credit card company to pay your bill. The coronavirus pandemic has inflicted millions of job losses, and scammers have not been... read more
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How is the coronavirus pandemic affecting you, your life, your work and your industry—now and going forward? No matter where you work in the P/C insurance industry, your experience is important. Learn how your experience compares with that of your industry peers by participating in this exclusive survey. Watch for results from Insurance Journal, Carrier... read more
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