Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say October 18, 2024 By Yantoultra Ngui and Kane Wu Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to...
People Moves: AXA XL Re Taps Swiss Re’s Schiffer as CEO, N. America, Reinsurance; Specialist Risk Group Names Marsh McLennan’s Yap as CEO of APAC October 18, 2024 This edition of International People Moves details appointments at AXA XL Reinsurance and Specialist Risk Group. A summary of these...
Markets/Coverages: Coalition Launches UK Clawback Service to Recover Money Stolen in Cyber Attacks October 18, 2024 Coalition, the San Francisco-based cyber managing general agent and cybersecurity firm, has become the first cyber insurance provider in the...
UK Working to Challenge Russian Shadow Oil Tanker Insurance October 18, 2024 By Alex Longley The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they...
Insurance Execs See Gen AI Necessary To Compete; Customers Wary October 18, 2024 Insurance industry investments in generative AI are expected to surge by over 300 percent from 2023 to 2025 as organizations...
Coastal Cities Have a Hidden Vulnerability to Storm Surge – Caused by Humans October 18, 2024 By Philip Orton Centuries ago, estuaries around the world were teeming with birds and turbulent with schools of fish, their marshlands and endless...
McKinsey to Pay at Least $500 Million in DOJ Opioid Probe October 18, 2024 By Ambereen Choudhury, Sabrina Willmer and Chris Strohm McKinsey & Co. is nearing a deal with US prosecutors to pay at least $500 million to settle federal probes...
Maui Wildfire Survivors Will Get An Additional Year of Housing Help From FEMA October 18, 2024 Survivors of last year’s deadly wildfire that decimated a historic Maui town will receive an additional year of housing assistance...
Judge Tosses Philadelphia Eagles and 76ers Covid Loss Cases October 18, 2024 By Andrew G. Simpson Two Philadelphia professional sports team have lost their appeals over denied business interruption insurance claims tied to the COVID-19 pandemic....
Worker Injured While Drunk on the Job Wins Claim Approval October 18, 2024 By Andrew G. Simpson A worker injured when he fell from a ladder is entitled to workers’ compensation benefits despite the fact he was...