6/11/2020 | This week in Business Insurance Risk Management Topics, Lawmakers consider bill to limit liability in pandemic which would help insurers facing a tide of claims. Meanwhile, a Coronavirus-related suit against Fox News dismissed and Insurtech deals up, funding down amid pandemic: Willis – Editor
Commercial insurance prices rose in most lines last month, but the pace of increases was down slightly compared with the prior month, according to insurance exchange Ivans Insurance Services.
Aggregate commercial insurance pricing changes topped 6% for the first quarter, compared with the year-earlier period, according to Willis Towers Watson PLC’s Commercial Lines Insurance Pricing Survey, released Monday.
Commercial property/casualty rates increased an average of 9.3% across all lines in the first quarter, according to the Council of Insurance Agents & Brokers’ latest pricing survey, which was issued Tuesday.
By Claire Wilkinson North American commercial insurance buyers will continue to pay more across most lines of business and see their coverage terms and conditions scrutinized, as the industry braces for a potential loss of up to $80 billion from COVID-19, according to a report issued Thursday by Willis Towers Watson PLC. Despite the decline […]
German insurer Allianz said Tuesday that a key measure of capital may fall below the company’s target floor level as it faces claims for disruption caused by the coronavirus crisis.