Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk November 15, 2023 Moody’s RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between US$2.5...
Fire That Indefinitely Closed Vital Los Angeles Freeway Called Arson November 15, 2023 By John Antczak, Julie Watson and Jeff McMurray Arson was the cause of a massive weekend fire that charred and indefinitely closed a vital section of a Los...
People Moves: WTW Appoints Messinger to Financial Institutions; Integris Names Canales-Perry to Claims November 15, 2023 Global insurance broker WTW appointed Brad Messinger as leader of the financial institutions and professional services (FI&PS) industry division. Messinger...
UK Will Fail to Meet Flood-Defense Goals for Homes as Climate Threat Grows November 15, 2023 By Jessica Shankleman Hundreds of thousands of British homes will miss out on flood protections in the next few years as spending has...
Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best November 15, 2023 By Allen Laman AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today,...
People Moves: SiriusPoint Taps RSA’s Hardy as Director of Sales & Distribution, Int’l; Pro MGA Global Solutions Names Martin Døhlen as MD of European Platform November 15, 2023 This edition of International People Moves details appointments at SiriusPoint and Pro MGA Global Solutions. A summary of the new...
Markets/Coverages: Chubb Launches New Media Insurance Product for UK November 15, 2023 Chubb announced the launch of a new media insurance product for clients in the United Kingdom. Alongside the launch, Chubb...
Putting AI to Work Within the ‘Digital Round Trip’: Applied Systems CEO November 15, 2023 By Jahna Jacobson The data is out there. The challenge is how to amass it, standardize it and make it useful. Taylor Rhodes,...
Yemen’s Houthis Leader Says Group Will Target Israeli Ships in Red Sea November 15, 2023 By Mohammed Alghobari Yemen’s Houthi leader said on Tuesday his forces would make further attacks on Israel and they could target Israeli ships...
Update: Ukraine Launches Grain Insurance Program With Marsh McLennan, Lloyd’s November 15, 2023 By Áine Quinn, Volodymyr Verbianyi and Max Reyes Ukraine is starting an insurance program with broker Marsh McLennan and Lloyd’s of London to provide cover for grain vessels...