Insurance Protections Expanded in California Wildfire Areas December 20, 2019 More than a million California homes are now protected under a new state order that temporarily bans insurance companies from...
California Earthquake Warning App Sends 1st Public Alert December 20, 2019 California’s new earthquake early warning cellphone app issued its first public alert when a modest tremor occurred this week in...
Canada Pension Fund OMERS to Buy Stake in Fairfax Run-off Unit, RiverStone UK December 20, 2019 Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario’s municipal employees, announced they have entered into an agreement...
Spending Bills with Flood, Terrorism Insurance Renewals Go to President Trump December 20, 2019 By Andrew G. Simpson The Senate yesterday went along with House measures that fund the military and rest of the federal government through next...
Ascot Appoints Walter as Executive VP and Head of Cyber & Commercial E&O December 20, 2019 Ascot has appointed Drew Walter as executive vice president and head of Cyber & Commercial E&O. Also joining the team...
Munich Re Group Agrees to Buy Manhattan Skyscraper December 20, 2019 Munich Re Group, advised by MEAG, has agreed to acquire the 330 Madison Avenue building in New York City. The...
How Car Makers Are Doing with Voluntary Accord to Install Automatic Braking Systems December 20, 2019 Three years ahead of schedule, four vehicle manufacturers— Tesla, Volvo, Audi and Mercedes— have already met their voluntary commitment under...
Mass. High Court Upholds Consent-to-Settle Clause in Malpractice Policy December 20, 2019 By Jim Sams Massachusetts’ highest court on Monday rejected arguments that consent-to-settle clauses in professional malpractice insurance policies violate public policy. The Supreme...
Insured Losses in 2019 Estimated at $56B, Down from $93B Last Year: Swiss Re December 20, 2019 Global insured losses in 2019 dropped to an estimated US$56 billion, from US$93 billion in 2018 and below the annual...
Canadian Lab Test Firm, LifeLabs, Pays Ransom After Data Breach December 20, 2019 Lab test provider LifeLabs said Tuesday that it paid a ransom to secure data for Canadians that was stolen in...