Moody’s Says Property/Casualty Insurers Face Significant Losses from Western Wildfires September 17, 2020 Dozens of wildfires raging in California, Oregon, Washington and other Western states have resulted in loss of life, damaged or...
Bayer Settles More U.S. Claims Over Weedkiller Roundup September 17, 2020 By Tom Hals Bayer AG has settled thousands of U.S. Roundup weed killer lawsuits as part of an $11 billion settlement, reaching deals...
Sompo’s Davis Named President of Canopius USA as It Eyes Expansion September 17, 2020 Specialty insurer Canopius Group has appointed Lisa Davis to the new position of president and chief underwriting officer of Canopius...
Slowness, Not Speed, of Hurricanes Like Sally Becoming Major Concern September 17, 2020 By Jennifer Hiller and Devika Krishna Kumar For Grant Saltz, who runs a barbecue restaurant in Mobile, Alabama, what struck him about Hurricane Sally was its steady,...
U.S. Prosecutors Charge 7 in Alleged Multi-Target Chinese Hacking Scheme September 17, 2020 The U.S. Justice Department said on Wednesday it has charged five Chinese residents and two Malaysian businessmen in a wide-ranging...
Rental Car Company to Pay $80K in Penalties, Implement Reforms Over Fraud Allegations September 17, 2020 A discount car rental company operating out of Newark and JFK Airports has agreed to pay $80,000 in penalties, enter...
Arcadian Risk Starts New Underwriter in Bermuda With Third Point Re Backing September 17, 2020 Arcadian Risk Capital is launching as a new underwriting operation based in Bermuda that will initially underwrite excess casualty and...
Blackstone Joins Brit’s Parent Fairfax in Investing in Lloyd’s Digital Venture Ki September 17, 2020 Digital Lloyd’s syndicate Ki reported that it has raised US$500 million from funds managed by Blackstone Tactical Opportunities and Fairfax...
How Spain’s COVID Tracing App Navigates Europe’s Privacy Protections September 17, 2020 By Isla Binnie “What does RadarCOVID not do?” a promotional video for Spain’s contact-tracing app asks. The answer: while navigating the country’s decentralized...
Soccer Star Messi Scores Trademark Victory Over Massi in EU Court September 17, 2020 Barcelona and Argentina captain Lionel Messi has won a legal battle over trademark rights relating to his own logo after...