The final estimate of insured property losses for Extratropical Cyclone Herwart, which primarily affected Austria and Germany on Oct. 29, 2017, is €264 million (US$300.6 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This …
Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court. At stake this time is an issue that could strike at the core of …
Typhoon Yutu slammed into northern Philippines on Tuesday and is traveling a path similar to last month’s super storm Mangkhut that killed at least 82 people and damaged about $500 million of farm output in the Southeast Asian nation. More …
American International Group Inc. announced the appointment of Peter Bilsby as global head of Specialty. In this new role, Bilsby will report to Christopher Townsend, chief executive officer of AIG General Insurance International, with responsibility for the global energy, marine, …
More than a day after a brand-new Boeing Co. 737 Max jet flown by Indonesia’s Lion Air plunged into the Java Sea, the search for the plane failed to yield much as investigators continued the grim task of uncovering the …
An Alabama woman who claimed in a lawsuit that she was cyberbullied has been awarded $10,000 in damages. The Tuscaloosa News reports Victoria Love was awarded the money Oct. 23 by a Tuscaloosa County jury in her suit against Tim …
Florida authorities have linked six more deaths to Hurricane Michael, raising the state’s death toll to 35. The storm’s overall death toll now stands at 45, with 10 deaths in other states. Florida Emergency Management Division spokesman Alberto Moscoso said …
Police say an explosion at a Kentucky home has killed one person and injured two others. State Trooper Scotty Sharp says in a news release the explosion occurred Saturday in McDaniels. The statement says a preliminary investigation found the explosion …
Hub International Limited (HUB) has launched a hospitality captive, an exclusive member-owned group captive insurance program designed for hospitality clients. Through the use of a captive, hospitality clients can gain better insight into exposures and risks, and have the option …
Untimely claims handling and failure to provide required compliant claims, underwriting, and policyholder service disclosures are the U.S. insurance industry’s top compliance shortcomings. That’s according to a review by Wolters Kluwer of U.S. insurers’ market conduct actions published by state …
