Insurance Research Finds Many Homeowners Don’t Understand Deductibles June 15, 2017 Almost five years after Superstorm Sandy, one third of homeowners in several coastal states are still unaware of hurricane deductibles...
New York Flood Areas Getting Portable Dams, $1M in State Aid June 15, 2017 Water-filled portable dams are being deployed and $1 million in state funding will go toward emergency repairs to wastewater treatment...
Rolling Stone to Pay $1.65M to Settle Suit Over University of Virginia Rape Story June 15, 2017 By Alanna Durkin Richer Rolling Stone magazine agreed to pay $1.65 million to settle a defamation lawsuit filed by a University of Virginia fraternity...
Massachusetts Marijuana Proposal Seeks Higher Taxes, More Local Control June 15, 2017 By Bob Salsberg Lawmakers reviewing the state’s new recreational marijuana law plan to recommend sharply higher taxes and more control for city and...
Anbang Says New York’s Waldorf Astoria Condo Conversion Proceeding Normally June 15, 2017 By Hui-yong Yu The conversion of New York’s landmark Waldorf Astoria hotel into luxury condominiums is moving forward as planned and no delays...
Chinese Banks Backing Away from Anbang Insurance June 15, 2017 Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York’s Waldorf...
China Fines Emirates Airline for Unsafe Operations June 15, 2017 China’s civil aviation authority has fined the world’s largest long-haul carrier, Dubai-based Emirates, and barred it from adding new destinations...
London Tower Block Fire Death Toll Rises June 15, 2017 By Estelle Shirbon and Alistair Smout The death toll in a fire that ripped through a 24-story block of flats in London rose to 17 on...
AIG ‘Smart’ Policy Uses Blockchain to Manage International Coverage for Bank June 15, 2017 American International Group Inc. and Standard Chartered Bank plc announced they have successfully piloted what they say is the first...
Insurers Adapt Terrorism Policies with Loss of Attraction, Violent Acts, Other Coverages June 15, 2017 By Carolyn Cohn, Noor Zainab Hussain and Suzanne Barlyn The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business...