Major Canada Earthquake Could Lead to Widespread Insurer Insolvencies: Report November 22, 2016 A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and...
Hackers Remotely Steal ATM Cash in Latest Twist on Cyber Bank Heists November 22, 2016 By Jim Finkle Cyber criminals have remotely attacked cash machines in more than a dozen countries across Europe this year, using malicious software...
7.4 Earthquake off Coast of Fukushima Jolts Japan; Tsunami Alert Lifted November 22, 2016 By Yuka Obayashi and Elaine Lies A powerful earthquake rocked northern Japan early on Tuesday, briefly disrupting cooling functions at a nuclear plant and generating a...
Hiscox Promotes Bowen to CUO for European Operations November 22, 2016 Specialist global insurer Hiscox has announced the promotion of Justin Bowen to chief underwriting officer for its European operations. Bowen...
Who Pays When Driverless Cars Crash? UK Insurers Call for Int’l Standards November 22, 2016 Cars of the future will need to collect a basic set of core data to prevent drivers being unfairly blamed...
TMK Names Ex-AIG Exec Burke as Trade Credit & Political Risk U/W November 21, 2016 Tokio Marine Kiln has appointed Gary Burke to the special risks division in its London office. Burke will focus on...
Global Board Updates List of Systemically Important Banks, Insurers November 21, 2016 By Huw Jones Citi has joined JPMorgan at the top of global regulators’ list of systemically important banks, replacing HSBC and meaning the...
October Floods in Atlantic Canada Cost $100M-Plus in Insured Damage November 21, 2016 A tropical moisture system resulting from Hurricane Matthew swept through Atlantic Canada last month, resulting in more than $100 million...
Advent Claims Launches Regulatory Compliant Platform for MGAs, Coverholders November 21, 2016 Advent Claims, a division of Advent Insurance Management with claims operations in the US, UK, Canada and Australia, has launched...
China’s Anbang Eyes $2.3B Purchase of Japanese Property Assets: Sources November 21, 2016 By Junko Fujita China’s Anbang Insurance Group Co. is in talks to buy as much as $2.3 billion in Japanese residential property assets...