Claims From 4 Summer Weather Events in Canada Exceed Prior Year Total: IBC September 6, 2024 Four natural catastrophes over four weeks during Canada’s summer season have resulted in about five times the amount of claims...
BMW Recalling Mini Cooper SE Electric Models September 6, 2024 German automaker BMW is recalling electric Mini Cooper SE vehicles due to problems in their batteries, which could potentially affect...
Lloyd’s Reports Best H1 Underwriting Profit Since 2007, With 83.7 Combined Ratio September 5, 2024 By L.S. Howard The Lloyd’s insurance and reinsurance market reported overall profit before tax of £4.9 billion (US$6.4 billion), a 25.6% increase from...
Clearview AI Fined by Dutch Agency for Facial Recognition Database September 5, 2024 By Charlotte Van Campenhout U.S. facial recognition company Clearview AI has been fined 30.5 million euros ($33.7 million) for building what Dutch data protection...
People Moves: Brit Names Guy Carpenter’s Stephenson to Lead Bermuda Expansion; HDI Global Taps Geis From Allianz as Managing Director for Germany September 5, 2024 This edition of International People Moves details appointments at Brit Ltd. in Bermuda and HDI Global in Germany. A summary...
Climate Losses Batter Insurers While Reinsurers Step Back September 5, 2024 By Gautam Naik As the planet warms and more natural disasters occur, insurers are facing an increasingly difficult time. In 2023, for the...
Who Is to Blame for Deadly 2017 Grenfell Tower Fire? September 5, 2024 By Catarina Demony and Michael Holden A public inquiry into the devastating 2017 London Grenfell Tower blaze concluded on Wednesday that a “culmination of decades of...
UK Grenfell Tower Fire Inquiry Blames All Deaths on Incompetence and Greed September 5, 2024 By Michael Holden and Catarina Demony A public inquiry into the devastating 2017 London Grenfell Tower blaze that killed 72 people blamed the disaster on failings...
Ex-VW CEO Denies Criminal Charges Over Diesel Emissions Scandal September 5, 2024 By Karin Matussek Volkswagen AG’s ex-Chief Executive Officer Martin Winterkorn denied duping customers and taking too long to alert markets about diesel-emission cheating,...
Reinsurers’ Appetite for Natural Catastrophe Risks Grows – But Discipline Remains September 4, 2024 By L.S. Howard Top reinsurers are showing increasing – but disciplined – appetite for natural catastrophe risks as a result of rising demand,...