Aon plc, the London-based professional services firm, has launched an updated Thailand flood catastrophe model to improve understanding of this peril and help insurers build resilience for businesses and communities. Following the flood of 2011 that caused more than US$15 …
Masayoshi Son elevated two SoftBank Group Corp. executives and one outsider to his inner circle, appointments that become official on Wednesday. The board approved the nominations of Marcelo Claure, Rajeev Misra and Katsunori Sago as executive vice presidents. Sago also …
By pumping $1 billion into ride-hailing firm Grab, Toyota Motor Corp. stands to gain a passenger-side view of tens of thousands of cars across Southeast Asia, tracking how fast they drive, how far they travel and the time they spend …
Liberty Mutual announced that Shaun E. Kelly has been named president of Distribution for Global Risk Solutions (GRS). In this role, Kelly will lead distribution and marketing of the unit’s diversified commercial and specialty insurance and reinsurance product portfolio. Kelly …
South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange targeted in just over a week as cyber thieves exposed the high risks of trading the digital …
Just six months after the punishing 2017 season battered the Sunshine State, most Floridians are still not prepared for the potential assault of another hurricane season, according to a survey by the FAIR Foundation. The survey, released last week and …
Police across South Carolina are trying to find a man who is taking cars from dealerships across the state. Sumter County deputies said Monday the man most recently stole a new car from a Sumter dealership, drove it to Beaufort …
Insurtech platform SURE has launched RideSafe, an insurance product offering passengers coverage for ridesharing networks, beginning with Uber and Lyft. Future offerings of RideSafe will include coverage for passengers riding in autonomous ridesharing fleets. Through this new offering underwritten by …
Some passengers who were riding a Florida roller coaster when it derailed last week could have lifelong injuries, an attorney for three of the nine riders who were hospitalized said Monday. The riders suffered broken bones, concussions and possible nerve …
Hollywood movie mogul Harvey Weinstein is asking that a jury decide whether his insurer must defend him against 14 lawsuits accusing him of sexually harassing and assaulting women over several decades. Weinstein contends that Federal Insurance Co., a Chubb subsidiary, …
