Insurance

Insurance

Insurer AXA says made investment portfolios greener in 2019

LONDON (Reuters) – French insurer AXA (AXAF.PA) said it reduced the temperature score of its investments in 2019, bringing them closer to alignment with the targets of the Paris Agreement on climate change. The so-called “warming potential” of its investments, a measure of their contribution to climate change, had fallen […]

Insurance

Texas auto insurers sitting on windfall of up to $869m

By Amir Sadiq With COVID-19 driving down automobile activity, auto insurers in Texas could reap a windfall estimated between $606m and $869m, according to non-profit organisation Texas Appleseed (Appleseed). The organisation’s research has found that since March, weekly accidents in Texas declined by an average of 43%. However, about a […]

Insurance

Facebook: Aviva and Intercontinental Hotels Group pause ads

Aviva Facebook and Holiday Inn brandsImage copyrightGETTY IMAGES By Jane Wakefield Technology reporter Two leading UK firms – the insurer Aviva and the Intercontinental Hotels Group (IHG) – have become the latest to “pause” advertising on Facebook. They join Ford, Adidas, HP, Coca Cola, Unilever and Starbucks, which have all […]

Insurance

Reinsurance renewals realities during a pandemic

By Amir Sadiq While insurers were able to secure sufficient reinsurance capacity at the 1 June and 1 July renewals supported by adequate reinsurance capital, the shadow of unrealised COVID-19 losses continues to loom over the industry, with the global reinsurance market exercising more caution in these unprecedented times. The […]

Insurance

MassMutual $3bn free life insurance now available nationwide for frontline healthcare workers battling COVID-19

SPRINGFIELD, Mass. & BOSTON–(BUSINESS WIRE)–Jun 30, 2020– Massachusetts Mutual Life Insurance Company (MassMutual) today announced the nationwide expansion of MassMutual HealthBridge, which provides free term life insurance to frontline healthcare workers who directly interact with patients fighting the virus. Previously, HealthBridge was available in MassMutual’s home states as well as […]

Insurance

UK:Average motor insurance premiums fell after lockdown

By Ranamita Chakraborty According to recent research from data insight specialist Consumer Intelligence, average premiums for UK motorists started to fall following COVID-19 lockdown measures in the country. This was despite the fact that motor insurance premiums had an overall increase of 2.7% in the last 12 months. “With fewer […]