September 19, 2024
A startup founded by a former Google executive aims to use artificial intelligence to improve weather forecasting, joining technology behemoths like Nvidia Corp. and Huawei Technologies Co. in an increasingly crowded field. Brightband has raised a $10 million series A …
September 19, 2024
Lloyds of London, the re/insurance marketplace, announced that Sir Charles Roxburgh has been named its next chair, subject to regulatory approval. Sir Charles will take up the position on May 1, 2025, succeeding Bruce Carnegie-Brown after his eight-year term. Sir …
September 19, 2024
A Washington man who claimed he was too injured to work while operating a metal fabrication shop faces a felony charge in an alleged $340,000 workers’ compensation scam. Travis Lee Johnson, 52, of Spokane Valley, pleaded not guilty recently to …
September 19, 2024
More than a quarter million U.S. properties have repeated claims for federal flood insurance, costing the National Flood Insurance Program billions of dollars in claims, according to new federal data compiled by the National Resources Defense Council. Four states account …
September 19, 2024
Three families of immigrant construction workers killed when Baltimore’s Francis Scott Key Bridge collapsed after it was hit by the cargo ship Dali plan to challenge the attempt by the ship owner and operator to limit their liability for the …
September 19, 2024
Lockton, the Kansas City, Missouri-based insurance brokerage firm, announced it has received regulatory approval to operate a reinsurance brokerage business in Colombia. “Lockton’s continued growth in Latin America is bolstered by this expansion of our capabilities in Colombia,” said Andrew …
September 19, 2024
This edition of International People Moves details appointments at the Bermuda-based re/insurer Vantage Group Holdings and the insurance broker Miller. A summary of these new hires follows here. Vantage Promotes Granda to Head of Political Risk and Credit Vantage Group …
September 19, 2024
Mosaic Insurance, the Bermuda-based specialty insurer, has launched customized global terrorism and sabotage coverage for fine art and specie insureds, with syndicated capacity extending up to $215 million per risk. The new product offers coverage for physical loss or damage …
September 19, 2024
Japanese radio equipment maker Icom Inc. said on Thursday that it was investigating the facts regarding news reports that two-way radio devices bearing its logo have exploded in Lebanon. Hand-held radios used by armed group Hezbollah detonated on Wednesday across …
September 19, 2024
From the moment pagers began exploding across Lebanon Tuesday, theories began to circulate on how devices considered outmoded in much of the world were turned into dangerous weapons that killed several people and wounded almost 3,000. As Lebanon accused Israel …