$36.5 Billion House Disaster Aid Bill Includes Funds for Puerto Rico, Wildfires, Flood Insurance October 12, 2017 By Erik Wasson and Kevin Whitelaw House lawmakers unveiled a bill Tuesday night that would provide $36.5 billion in emergency funding for hurricane and wildfire relief...
Prevalent, Discredited Building Technique Raised Mexico’s Quake Deaths: Engineers October 12, 2017 By Garance Burke Warm lighting would enhance the wood floors’ natural glow, the developer promised, so when all the custom lightbulbs burnt out,...
XL Group Estimates $1.48B in Q3 Natural Catastrophe Losses October 12, 2017 XL Group Ltd. announced its preliminary estimate of net losses of approximately $1.48 billion from third quarter natural catastrophes. Included...
Everest Re in London Taps Hiscox’s Armitage, Gairdner from Tokio Marine Kiln as Sr. Underwriters October 12, 2017 Everest Re Group Ltd. announced the addition of several new senior underwriters to the London team of Everest Reinsurance (Bermuda)...
Insurers, Tech Firms ‘Must Work Together’ to Tackle Emerging Technology Risks October 12, 2017 The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new...
Saudi Arabia Develops Stronger Capital Rules for Insurers: Sources October 12, 2017 By Katie Paul and Saeed Azhar Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller...
Kobe Steel Can Expect Spate of Lawsuits for Its 10 Years of False Data October 12, 2017 By Christie Smythe and Margaret Cronin Fisk Kobe Steel Ltd.’s legal problems are just beginning in wake of the company’s disclosure that it falsified data for years...
Repeated Sewage Spills Frustrate North Carolina Town October 12, 2017 A North Carolina town is struggling to deal with repeated sewage spills in the last two years. The StarNews of...
Miami Agency Owner Charged with Creating Fake Policies, Stealing $276K in Premiums October 12, 2017 A Florida insurance agency owner has been arrested after being accused of submitting fake insurance applications and stealing nearly $300,000...
Gun Industry Immunity Again Tested with Las Vegas Shooting Lawsuit October 12, 2017 By Polly Mosendz Last week’s massacre at a Las Vegas country music festival offers gun control advocates a fresh chance to test a...