September 27, 2018
Toyota Motor Corp., Asia’s biggest carmaker, is preparing for a potential future where people don’t buy cars. That’s behind the hefty investments that the company has made in ride-hailing providers, most prominently the $1 billion that it poured into Southeast …
September 27, 2018
Aon has collaborated with Pembroke Managing Agency at Lloyd’s to develop Public Protection Policy (PPP), which helps businesses provide financial support to individuals affected by a terrorist attack on a company’s premises or owned space. As the focus of terrorist …
September 27, 2018
AXIS Specialty UK Holdings Ltd. announced it has been certified as a GCHQ Certified Training provider for its course “Understanding Cybersecurity and Insurance.” The training is offered through the AXIS Cyber Center of Excellence, a global resource that provides mentorship, …
September 27, 2018
Climate-related disclosure is becoming mainstream as more firms support and align their financial reporting to recommendations by a global task force though few disclose the financial impact on the company, a survey shows. The Task Force on Climate-Related Financial Disclosures …
September 27, 2018
Zurich Insurance is acquiring an 80 percent stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on Thursday. “Zurich has earmarked Asia Pacific to be …
September 27, 2018
After several years of tests, Walmart Inc. is ready to mandate use of blockchain technology by a swath of its U.S. suppliers, marking one of its biggest commercial uses. Starting in September 2019, Walmart and its Sam’s Club division will …
September 27, 2018
As the Trump Administration continues to slap tariffs onto various consumer products, property/casualty insurers are increasingly concerned how some of these actions will affect the cost of auto and home insurance. Auto parts tariffs have drawn the most industry attention. …
September 27, 2018
One person is dead following an explosion at a chemical plant in north Alabama. Arab Fire Chief Ricky Phillips tells WHNT-TV that a contract worker died in a blast that happened Tuesday at Umicore Specialty Chemicals in Arab. The explosion …
September 27, 2018
Hurricane Florence was the nation’s second rainiest storm in 70 years, a top rainfall meteorologist calculated. Only last year’s Hurricane Harvey rained more over a 14,000 square mile (36,260 square kilometers) area during a four-day time period, said Ken Kunkel, …
September 27, 2018
United Insurance Holdings Corp. (UPC Insurance), a property and casualty insurance holding company, has formed Journey Insurance Co. in partnership with Tokio Marine Kiln. The new property and casualty insurer will initially focus on offering homeowners and commercial residential property …