‘Eyewall Replacement’ Led to Weakening of Hurricane – This Time, NHC Says September 6, 2023 In the final hours before Hurricane Idalia struck Florida the storm had grown into a Category 4 beast lurking off...
52 Million Air Bag Inflators Should Be Recalled Over Rupture Threat: NHTSA September 6, 2023 By David Shepardson U.S. auto safety regulators said on Tuesday that 52 million air bag inflators produced by auto suppliers ARC Automotive and...
US Homebuyers Weigh Climate Risk in Picking a House, Zillow Says September 6, 2023 By Alex Tanzi More than four in five US homebuyers are factoring in climate risks when they shop for a new house, according...
Insurers Cheated Out of Millions in False Claims for Lost or Damaged Cell Phones September 6, 2023 A Newark, New Jersey man has admitted that he conspired with others to defraud telephone providers and insurance companies out...
Reinsurers’ Performance Keeps Improving on Underwriting Profits, ROE: Gallagher Re September 6, 2023 By L.S. Howard Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and...
Howden New Zealand Acquires Apex Insurance September 6, 2023 Howden, the London-based insurance group, announced it has completed the acquisition of Apex Insurance New Zealand and its associated subsidiaries...
Specialist Risk Group Launches Entertainment, Media, and Sport Division September 6, 2023 Specialist Risk Group (SRG), the London-based insurance intermediary, announced the launch of a new division serving the global entertainment, media,...
Update: Lessor AerCap Settles Claim of $645M for Aeroflot Jets Stranded in Russia September 6, 2023 By Conor Humphries The world’s largest aircraft lessor has agreed to settle an insurance claim over Russia’s refusal to return 17 jets leased...
Global Watchdog Warns Over ‘Very High Leverage’ in Hedge Funds September 6, 2023 By Huw Jones Leverage is now very high in parts of the $7 trillion hedge fund sector, G20 risk watchdog Financial Stability Board...
UK Parliament Calls in Surveyors to Test for Dangerous Concrete September 6, 2023 By Alex Wickham Tests are being carried out to determine whether the UK Houses of Parliament contain the form of crumbling concrete that...