British online grocer Ocado said a huge blaze which destroyed its major distribution center in Andover, southern England, was caused by an electrical fault in a battery that caused a robot to catch fire. Shares in Ocado fell as much …
The Insurance Institute for Highway Safety says in a new report that safer restraint systems are needed for the back seats of cars. The study finds that rear-seat safety has not kept pace with front-seat safety and it has been …
A bipartisan group of Florida Cabinet members and state lawmakers is demanding that U.S. lawmakers pass a disaster-relief package for Hurricane Michael victims. Chief Financial Officer Jimmy Patronis, Attorney General Ashley Moody, Agriculture Commissioner Nikki Fried and lawmakers said Thursday …
Personal lines insurers have only one option when it comes to growing their business: they must steal market share from competitors. That’s because each year brings very few new customers. Only about two to three percent of personal lines customer …
The state of Vermont says it will be working with the Federal Emergency Management Agency to verify damage caused by last week’s flooding. Representatives of Vermont Emergency Management and the Vermont Agency of Transportation are expected to meet with FEMA …
A small fire has been extinguished at a Pennsylvania church that was severely damaged earlier this week by another blaze that authorities say was deliberately set. The latest fire at Iglesia Pentecostal de Bethlehem was reported around 2 a.m. Thursday …
Argo Seguros, the Brazilian underwriter of specialty insurance and reinsurance products and a member of Argo Group, announced the appointment of Newton Queiroz as CEO, effective May 1, 2019. Queiroz will report to Jorge Cazar, head of Latin America at …
Brit Ltd., the London-based specialty insurer and reinsurer, announced it has increased the flexibility and limits of Brit Cyber Attack Plus (BCAP), a cyber product designed to protect clients from the impact of physical damage arising from cyber attacks. Launched …
French reinsurer SCOR, whose CEO faces a vote on his demotion during a shareholders meeting on Friday, said its net profit in the first quarter fell 21 percent as a result of the impact of 2018 typhoons in Japan. SCOR …
A year after it began a collaboration to develop the product, insurance broker Marsh has announced that it has begun the rollout of its proof of insurance blockchain platform to U.S. commercial clients. Originally introduced as a proof of concept …
