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Wildfire insurance crisis looms for California homeowners

Wildfire insurance crisis looms for California homeowners

Homeowners in fire-prone areas of California may soon find there’s no one to insure their properties. Last year, the...

Wildfire insurance crisis looms for California homeowners
Some Chicago businesses say they haven’t received insurance claim payouts from the May lootings that were sparked by the police killing of George Floyd. (Photos by Chris Dilts/Xinhua via Getty and Max Herman/NurPhoto via Getty Images)

The looting was in May. Some Chicago retailers say insurance payouts haven’t arrived

Days after looters ransacked numerous stores in Chicago and across the state in late May, Gov. J.B. Pritzker called...

The looting was in May. Some Chicago retailers say insurance payouts haven’t arrived
Photo illustration of Phil Ruffin and his Circus Circus Hotel & Casino in Las Vegas (Ollie Millington/Getty, Ethan Miller/Getty, Joan Slatkin/Education Images/Universal Images Group/Getty, iStock)

Fear and loathing in a pandemic: Insurers battle business interruption claims

As a Las Vegas casino owner, Phil Ruffin is used to taking risks. But this time the odds seem...

Fear and loathing in a pandemic: Insurers battle business interruption claims
Lemonade CEO Daniel Schreiber (iStock)

Investors reward Lemonade with $3.8B valuation

Venture-backed insurance seller Lemonade got a sweet reception from investors on the day of its initial public offering. Listed...

Investors reward Lemonade with $3.8B valuation
Lemonade co-founders Daniel Schreiber and Shai Wininger

SoftBank-backed Lemonade raises IPO target to $319M

As its anticipated early July IPO date draws nearer, home insurance provider Lemonade is raising its share price once...

SoftBank-backed Lemonade raises IPO target to $319M
Lemonade co-founders Daniel Schreiber and Shai Wininger

Will Lemonade’s IPO be sweet or sour?

To investors, Lemonade bills itself as the evolutionary successor to the old insurance guard. Instead of luring established customers with the “I switched-and-saved” value proposition, Lemonade hooks them when they’re young. The armies of...

Will Lemonade’s IPO be sweet or sour?
Damages to retailers from civil unrest may prove more manageable than the coronavirus in one respect — insurance coverage. But coverage varies widely and long-term implications for the industry remain unclear. (Getty)

Retailers take stock of insurance coverage after looting

Looting and vandalism in cities across the country, which arose alongside peaceful protests for racial justice, have posed another...

Retailers take stock of insurance coverage after looting
From left: President Donald Trump with Blackstone's Jonathan Gray; Blackstone's Bill Mulrow with New York State Gov. Andrew Cuomo

How Blackstone plans to keep its upper hand in the downturn

Seated in the New York State Capitol’s Red Room, Gov. Andrew Cuomo introduced the team that would restart the...

How Blackstone plans to keep its upper hand in the downturn
CNA Financial CEO Dino Robusto

Will insurers cover coronavirus-related business losses? We may soon find out

A business insurer’s position that it isn’t required to cover coronavirus-related losses is set to face a legal litmus...

Will insurers cover coronavirus-related business losses? We may soon find out
The interior of Lloyd's of London (Credit: Leon NealL/AFP via Getty Images, CDC)

Real estate is waking up to pandemic insurance. But is it too late?

Hotel owners nationwide have likely deployed teams of lawyers to scour their insurance policies, hoping to find a clause...

Real estate is waking up to pandemic insurance. But is it too late?
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