All the headlines from our Parametric Topic Page, ordered by recency.
Jul 28 2020 // A Newport Beach, Calif.-based specialty broker believes that now is the best time to start offering pandemic insurance.Elite Risk Insurance, which specializes in bespoke risk, is offering Pandemic Outbreak with COVID-19...
Jul 23 2020 // A Boston-based national wholesale insurance broker is offering what it says is “among the first and most accessible” insurance policies for commercial risks arising from pandemics and epidemics.The policy,...
Jun 23 2020 // Parametric catastrophe facility CCRIF paid the government of Guatemala approximately US$3.6 million under its excess rainfall (XSR) parametric insurance policy for nine days of rain that occurred during Tropical Storms...
May 29 2020 // Swiss Re Corporate Solutions (SRCS) has expanded its parametric offering with the launch of HAIL, a parametric hail insurance cover. The new product is designed to protect companies in the United States from the financial...
May 19 2020 // Property/casualty insurance carrier groups are developing a proposal for a federal program to replace revenues lost by businesses shut down during pandemics like COVID-19, but their program won’t be modeled after the...
May 15 2020 // Generali’s P&C unit Global Corporate & Commercial (GC&C) and insurtech company Descartes Underwriting have formed a strategic partnership to develop parametric products designed to help close the growing...
Apr 3 2020 // Two lawsuits have been filed in federal court in Illinois by a group of businesses — who were forced to close their operations by government authorities as a result of the COVID-19 pandemic — over the denial of...
Apr 3 2020 // Like everyone else, Peter Lacovara is coping with COVID-19, working at home to limit contagion to the coronavirus and stay healthy. He’s also plugging away trying to keep businesses healthy, as well.In his role as a...
Mar 3 2020 // Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare better.That is because a...
Feb 4 2020 // Lloyd’s of London is expecting big things for 2020 as it rolls out the key initiatives for its massive modernization project designed make it easier to do business with Lloyd’s and, ultimately, reduce the cost...
Jan 27 2020 // Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout...
Jan 9 2020 // Although parametric solutions have been generally available since the late 1990s, they have more recently found their way into corporate insurance. Parametric insurance solutions offer a means to guarantee direct payout...
Dec 11 2019 // Hannover Re and a parametrics company along with several German economic development agencies have created a natural disaster fund targeting investments in risk-transfer instruments relating to natural catastrophes and...
Nov 26 2019 // Blockchain technology and parametric insurance should be included in the Federal Emergency Management Agency’s toolbox as it strives to close the nation’s flood insurance coverage gap, according to a draft...
Nov 14 2019 // Nick Pacifico has been working at his family’s Cadillac dealership in Denver since 2003. He’s never seen insurance costs this bad. “Getting coverage is nearly impossible,” said Pacifico, vice...
Nov 7 2019 // AmWINS Group, Inc., a global distributor of specialty insurance products and services, has named Alex Kaplan executive vice president for Alternative Risk.In his new role, Kaplan will lead a new strategy around the...
Oct 21 2019 // Parametric earthquake coverage and terrorism coverage are among the potential items on the 2019 Export List hearing being held next month by the California Department of Insurance.Adding a risk or coverage to the export...
Oct 16 2019 // Getting items on California’s surplus lines export list is no easy task.Just ask Ben McKay, executive director of the Surplus Line Association of California. McKay can recall only a few coverages that have been added...
Oct 11 2019 // Parametric earthquake coverage and terrorism coverage are among the potential items on the 2019 Export List hearing being held next month by the California Department of Insurance.Adding a risk or coverage to the export...
Sep 27 2019 // CCRIF has made two payouts to the government of The Bahamas totaling US$12.8 million in the aftermath of Hurricane Dorian, which caused widespread destruction in the northern part of the archipelago.The Bahamas has three...