Swiss Re Estimates Europe’s July Floods to Cost Insurers $12 Billion October 5, 2021 Swiss Re estimated total insured market losses of the insurance industry due to the July floods in Europe at approximately...
Swiss Re Estimates Hurricane Ida Could Cost Insurers $30 Billion October 5, 2021 On an industry level, Swiss Re now estimates that total insured market losses from Hurricane Ida to be in the...
UAE Property Group Makes High Bid for Surfside Condo Site October 5, 2021 A Miami judge has approved the contingent sale of the Surfside, Florida, property where a 12-story condominium building collapsed in...
China Tells Insurers, Banks They Must Ensure Coal, Power Financing Needs Are Met October 5, 2021 By Ryan Woo China’s banking regulator said on Tuesday that lenders including policy banks must ensure that the financing needs of the coal...
Jury Orders Tesla to Pay $130M to Former Worker Over Racially Hostile Workplace October 5, 2021 A federal jury on Monday has ordered Tesla Inc to pay more than $130 million in damages to a Black...
UK Gender Pay Gap Widens for Insurers, While Banks Make a Slight Dent October 5, 2021 By Carolyn Cohn and Iain Withers Major banks in Britain made a slight dent in their gender pay gaps last year, according to a Reuters analysis,...
Cyberattack Crippled Hospital, Led to Baby’s Death, Lawsuit Claims October 5, 2021 Cyberattacks may affect more than organizations’ pocketbooks. They can also hinder a hospital’s care during a crucial moment, a lawsuit...
Securitization Startup Platform Ledger Launches a Casualty ILS Fund October 5, 2021 Ledger Investing, Inc., a technology-driven marketplace for matching insurance risk to capital markets, announced the closing of Nanorock Fund Ltd.,...
Louisiana Firestone Plant to Pay $4M to Settle Pollution Charges October 5, 2021 By Janet McConnaughey A major manufacturer of synthetic rubber, Firestone Polymers LLC, has agreed to pay $4 million in fines and an environmental...
People Moves: Management Changes at Safety National Re; Westfield Specialty’s New Underwriting Execs; UFG Searches for New CFO October 5, 2021 Safety National Re Revamps Management Team Safety National Re, a division of Safety National Casualty Corp., made changes to its...