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Despite returning roughly 7% of premiums, industry changes due to the pandemic went largely unnoticed by consumers during the past year.

The donation aims to lift the rate of homeownership in the Asylum Hill neighborhood in Hartford, Conn.

The overall market showed slight contractions from the year prior based on premiums written and earned in 2020.

Chubb's $23B takeover offer for The Hartford has prompted Germany's Allianz SE to study the feasibility of a counteroffer.

The proposed deal, valued at approximately $23B, was driven by Chubb's hunger for small commercial, S&P Global commented.

The proposed deal, which would largely be settled in cash, represents a 26% premium on The Hartford's average share price, Chubb stated.

If an agreement is reached, the deal could become one of the insurance industry's biggest transactions in years.

The data and analytics company found digital claims handling can reduce time-to-payment by up to 5.5 days.