According to catastrophe modeling firm AIR Worldwide, Typhoon Neoguri weakened to a tropical storm before it made landfall on Japan’s southernmost island, Kyushu, at 6 a.m. Thursday, July 10, local time (5 p.m. Wednesday, July 9, Eastern Time). Minimum central …
Swiss-based Allied World Assurance Company Holdings, AG announced that it has added Excess D&O coverage to its existing management liability product suite in the Canadian market. The announcement said the “Excess D&O product joins Allied World’s ForceField that offers five …
Barbara J. Ryan has been re-appointed, without competition, to a second, three year term as the Secretariat Director of the Group on Earth Observations (GEO). Her re-appointment was made by unanimous consent of the GEO Executive Committee. The GEO is …
Willis Group Holdings, global risk adviser, insurance and reinsurance broker, has appointed Keith Chapman as Regional Construction Industry Leader for the Middle East. He is based in Dubai and his “primary responsibility will be to develop risk management solutions for …
The U.S. House of Representatives will sue President Barack Obama’s administration over delaying the implementation of an employer health insurance mandate in the 2010 health-care law. “In 2013, the president changed the health-care law without a vote of Congress, effectively …
Indian Prime Minister Narendra Modi’s new government on Thursday unveiled its first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how it would cap the big fiscal deficit. Modi’s government, …
Angela Dike was showing clients how to make duck red curry and chocolate spring rolls in her Thai cooking class when hail stones as big as golf balls started slamming into the 18 cars parked outside. Windscreens and headlights were …
A U.S. House of Representatives subcommittee on Thursday approved a draft bill aimed at reining in companies that seek licensing fees for invalid patents or are otherwise dishonest in writing what are known as “demand letters.” The Energy and Commerce …
Bermuda-based Banco BTG Pactual S.A. (BTG Pactual) and Global Atlantic Financial Group Limited announced that they have signed an agreement whereby BTG Pactual will acquire Ariel Re, Global Atlantic’s Bermuda-based property and casualty reinsurance company. The transaction, which includes all …
A man who stole a Tesla Model S on July 4 in Los Angeles died this week from injuries sustained in a high-speed crash that hurt at least seven other people. Joshua Michael Flot, 26, of Inglewood, California, died on …
