Turkey Earthquakes to Cost Insurers $2.4 Billion: Karen Clark & Co. February 16, 2023 Catastrophe modeling firm Karen Clark & Co. (KCC) said on Thursday it expects insured losses of $2.4 billion from the...
Turkey Needs to Build Million Homes After Earthquakes, Developer Says February 16, 2023 By Taylan Bilgic Turkey would need to construct about a million new homes in the 10 provinces hit by the February 6 earthquakes,...
Historic Alabama City Facing Long Road to Recovery From Tornado February 16, 2023 In a Selma neighborhood — a few blocks from the starting point of the 1965 voting rights marches — the...
Guest at Daytona Hotel Dies After Being Struck by Forklift During Storm Repairs February 16, 2023 A guest at an oceanfront hotel in Florida has died after being run over by a forklift working on storm...
Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage February 16, 2023 Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage. This...
Markets/Coverages: Beazley Launches Private Equity Liability Product for Portfolio Firms February 16, 2023 Specialist insurer Beazley has launched a new private equity liability insurance product, designed to focus on the inherent directors and...
EU Sanctions Aim to Make Banks Report Frozen Russia Assets; Russia Reinsurer on List February 16, 2023 By Alberto Nardelli The European Union is poised to force banks to report information on Russian Central Bank assets as part of the...
New Zealand Searches for Missing After Cyclone; Sizable Economic Cost Expected February 16, 2023 By Tracy Withers New Zealand is still searching for people missing in the aftermath of Cyclone Gabrielle amid fears the death toll will...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27% February 16, 2023 By Chad Hemenway Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion...
Fla. Tort Bill Brings it: Limits Damages, Ends Fee Multipliers, Discloses LOPs – and More February 16, 2023 By William Rabb Outside of insurance attorneys, plaintiffs’ lawyers and some doctors, few people in Florida may be familiar with what are known...