All News articles – Page 115
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NewsUnited States Olympic and Paralympic Committee (USOPC) suing insurers for holding up Nassar settlement talks
The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry Nassar sexual abuse scandal. The USOPC is suing 11 insurers, including units of Chubb Ltd and ...
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NewsHurricane Delta weakens after churning into storm-battered Louisiana
Hurricane Delta weakened steadily on Friday after churning into a corner of southwestern Louisiana repeatedly battered by storms this year, sending residents scurrying out of harm’s way and disrupting Gulf Coast energy production.
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NewsBeazley launches international cyber & breach response broker portal
Specialist insurer Beazley has launched a cyber & breach response portal containing an all-encompassing set of resources designed to help broker partners and coverholders stay informed and educated on the constantly evolving cyber risk landscape. Once registered, brokers will have unlimited access to a vast suite of information – from ...
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NewsInsurers need to ‘get to grips’ with timber to progress construction’s net zero targets
Brokers can play a key role as educators to support the construction sector to use more timber in a bid to reduce carbon emissions
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NewsHurricane Delta is set to make landfall in Louisiana later today as a strong Cat 2 or Cat 3 hurricane, before weakening as it moves north.
As of a National Hurricane Centre (NHC) update at 07:00 London time, the centre of Delta was around 250 miles south of Cameron, Louisiana, and displaying maximum sustained winds of 120mph, making it a Cat 3 hurricane.
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NewsAllianz: How Covid-19 is changing claims trends and risk exposures for companies and their insurers
The Covid-19 pandemic is one of the largest economic loss events in history for companies and insurers alike. However, it’s not only the magnitude of the impact which is unprecedented. Claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of the ...
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NewsZurich LiveWell to acquire digital health and wellbeing service providers as it strengthens its capabilities
Zurich Insurance Group (Zurich) has agreed to acquire from the founders the digital health and wellbeing service providers HealthLogix, based in Australia, and HealthInsite, based in South Africa, to further expand its Zurich LiveWell health and wellbeing business. The companies, jointly known as HLX, offer customers a range of mobile ...
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NewsPremia Holdings has reached an agreement to acquire Navigators Holdings (Europe) NV from The Hartford
Premia Holdings has agreed to acquire Navigators Holdings (Europe) NV (and its associated companies, including Assurances Continentales – Continentale Verzekeringen NV of Belgium and Canal Re S.A. of Luxemburg) (collectively referred to as “ASCO”) from The Hartford. The transaction is subject to typical regulatory approvals.
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NewsLloyd’s launches new report on cities at risk from global threats
Lloyd’s, today announced a new report: Cities at risk – Building a resilient future for the world’s urban centres, published in association with Urban Foresight and Newcastle University. Using four global trends, the report analyses the risks affecting cities now, and in the future, and how these threats will ...
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NewsFlood Re’s credit rating upgraded
Credit rating agency maintains that the reinsurer’s ability to handle large claims warranted an upgrade
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NewsNew Lawyers Professional Liability Product announced by Munich Re Specialty Insurance
Munich Re Specialty Insurance today announced the introduction of Lawyers Professional Liability (LPL) insurance, an errors and omissions policy specially designed for mid-size law firms. “Law firms have specialized risk management needs that are not comprehensively addressed by standard property and casualty insurance policies,” said Marcia Blanco, Head of Professional ...
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NewsBriefing: Covid-19 is making things complicated for personal lines insurers
Consumers are craving simple products in the wake of the Covid-19 pandemic, but at the same time they want products that are adjustable and tailored to their needs. This means insurers need to find the right balance when designing their products, but that is easier said than done By insight ...
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NewsCoreLogic Risk Analysis shows Hurricane Delta threatens 293,685 homes with storm surge damage
CoreLogic today released data analysis showing 293,685 single-family and multifamily homes across Louisiana and the U.S. Gulf Coast with a reconstruction cost value (RCV) of approximately $62.85 billion are at potential risk of storm surge damage from Hurricane Delta based on its projected Category 2 status at landfall. These estimates ...
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NewsSwiss Re Corporate Solutions Implements Majesco Digital1st Insurance and Majesco Policy for P&C on Majesco CloudInsurer in 11 Weeks
Majesco, a global leader of cloud insurance software solutions for insurance business transformation, announced today that Swiss Re Corporate Solutions implemented Majesco Digital1st Insurance and Majesco Policy for P&C on Majesco CloudInsurer in 11 weeks to support initiatives in the Mexico Retail Market business. “Swiss Re Corporate Solutions had an ...
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NewsCanada’s struggling hospitality businesses face ‘perfect storm’ as insurers flee
Many hospitality companies were already operating on razor-thin margins before pandemic-driven lockdowns. An inability to access affordable insurance could spell the end for them, given they are barely managing to hang on amid distancing restrictions.
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NewsEthiopian Airlines unveils COVID-19 global insurance cover in collaboration with AXA Partner and Awash Insurance
Ethiopian Airlines Group, the largest aviation group in Africa, is pleased to announce that it will cover the medical insurance including repatriation, evacuation and quarantine costs related to COVID-19 as of 01st of October 2020 until 31st of March 2021. The coverage is applicable on all Ethiopian’s international flights booked ...
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NewsLouisiana braces for Hurricane Delta
Louisiana on Thursday steeled itself for another in a record-breaking series of violent storms as Hurricane Delta sped across the Gulf of Mexico toward a region still recovering from the last storm. Delta struck Mexico’s tourist enclaves on the Yucatan peninsula on Wednesday, shaking residents and leaving behind a mess ...
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NewsInsurtech Superscript becomes a registered Lloyd’s broker
The move follows the insurtech registering as a Lloyd’s coverholder in 2019
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NewsBrit and African Caribbean Insurance Network team up to address insurance industry ethnic diversity
The two will work together to attract new graduate talent by promoting the insurance profession amongst students
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NewsConduct risk rises for financial firms
The pandemic is driving concern over mis-selling and improper business practices in the financial services sector - ORX
