Insured Property Losses from Australia’s Townsville Floods in 2019 Hit A$1.24B: PERILS February 11, 2020 PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final property loss estimate...
Storm, Floods Cause Damage at Washington’s Mount Rainier National Park February 11, 2020 Mount Rainier National Park was hit by flooding and landslides that closed all roads to the park and damaged roads,...
California Utilities’ Wildfire Prevention Plans Call for More Blackouts February 11, 2020 California utilities plan to continue shutting off power to customers during dry and windy conditions to prevent sparking deadly wildfires,...
California-Based Mercury General Reports 4Q Profit of $31.7M February 11, 2020 Mercury General Corp. on Monday reported fourth-quarter profit of $31.7 million. On a per-share basis, the Los Angeles-based company said...
UK, EU Remain at Odds over Financial Services’ Market Access February 11, 2020 By Huw Jones and Marine Strauss Britain wants a stable relationship with the European Union for “decades to come” in financial services, Britain’s finance minister Sajid...
Why Utilities Are Turning to Bond Market to Pay for Natural Disaster Losses February 11, 2020 By Will Wade and Mark Chediak Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills....
Storm Ciara Batters Europe with Hurricane-Force Winds, Killing at Least 5 People February 11, 2020 By Frank Jordans and Pan Pylas A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people...
U.S. Charges Four Chinese Military Hackers in Huge Equifax Data Breach in 2017 February 11, 2020 The United States has charged four Chinese military hackers in the 2017 breach of the Equifax credit reporting agency that...
NFP Buys Canada Political Risk and Trade Credit Broker, Indemnis Trade Risk Mgmt February 11, 2020 NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd. Financial details...
HDI Global Specialty Appoints Kangasniemi as Head of Airline February 11, 2020 HDI Global Specialty SE, the specialty lines insurer, has promoted Frida Kangasniemi to the role of head of Airline. She...