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Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
The bulk of the capital was raised in reinsurance markets, but insurance-linked securities could top 2020's record-setting pace.
Agents also should consider how easy and transparent the buying process is and making sure insureds' policies align with their risks.
The proposed deal, valued at approximately $23B, was driven by Chubb's hunger for small commercial, S&P Global commented.
A review of data showed health care workers and first responders accounted for a bulk of COVID-related claims.
There are around 150 million cats and dogs in the U.S., and only 3% are insured, showing room for market penetration.
A survey also showed just one in 10 people had very good cyber protection in place, highlighting a growing need for personal cyber coverage.
The proposed deal, which would largely be settled in cash, represents a 26% premium on The Hartford's average share price, Chubb stated.
While OSHA missed its deadline for updated COVID safety guidance, here are a few things employers should bear in mind.
Inadvertent data errors run the risk of damaging claims teams' ability to reduce costs and deliver exceptional customer service.
The CLAIMS Act was introduced in the Senate, while the House of Representatives saw the reintroduction of the SAFE Banking Act.