The Department of Buildings of the City of New York’s (DOB) recent move to better regulate crawler crane operations in New York City has led to concern for some in the insurance industry that a stricter regulatory environment could make …
The U.S. Supreme Court on Monday rejected Texas financier Robert Allen Stanford’s bid to overturn his conviction and 110-year prison sentence for running what prosecutors called a $7.2 billion Ponzi scheme that bilked investors in 113 countries. The justices left …
President-elect Donald Trump said he’ll nominate U.S. Representative Tom Price, one of the main architects of legislation to repeal and replace Obamacare, to be secretary of the Department of Health and Human Services, the first of multiple Cabinet announcements expected …
Anthem Inc.’s proposed $48 billion merger with Cigna Corp. could give the insurer the power to raise prices for employers both in the 14 states where it does business, as well as across the country, according to a witness in …
One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized businesses. At the same time, …
Latitude Brokers, the Asia-based marine insurance specialist, has launched PILOT, an online protection & indemnity (P&I) club comparison tool. In time for the 2017 P&I renewal season, PILOT distills critical information for each club in the International Group (IG) “into …
Bermuda-based AXIS Capital Holdings Ltd. announced it has agreed to acquire general aviation insurance and reinsurance leader Aviabel, in a move that is designed to increase the company’s scale and relevance in the global aviation market. The “Aviabel” brand, including …
Willis Re, the reinsurance business of Willis Towers Watson, announced the promotion of James Kent – co-president of Willis Re and President of Willis Re North America – to the position of Global Deputy CEO, Willis Re, with immediate effect. …
Insurtech has a complementary place in the traditional insurance world, despite remaining uncertainty in the industry about how it will function on a wide scale, Standard & Poor’s said in a new report. “We do not expect traditional insurance business …
An aircraft carrying 81 people, including players from the Brazilian soccer team Chapecoense, crashed on route to Colombia’s second-largest airport Monday, killing at least 75, according to local reports. The BAE Systems Plc RJ-85 plane chartered from Bolivia’s Lamia had …
