Los Angeles landlords and tenants must equally share the costs of earthquake retrofitting, under a deal approved by the City Council. The agreement that passed unanimously this week allows building owners to pass half the retrofit costs to tenants through …
Geologists in Alaska have found evidence that a 125-mile section of the eastern Aleutian Islands that was once considered unlikely to generate earthquakes may be a future source of temblors – as well as potentially devastating tsunamis that could hit …
Clinical testing on an experimental drug from Bial-Portela & Ca. SA, a closely held Portuguese company, led to six patients being hospitalized in France including one person who was put on life support and diagnosed as brain dead. Three of …
London-based JLT Re has launched a new division – JLT Fac – and appointed Vanessa Macdonald-Smith to lead the division. Keith Harrison, CEO, UK & Europe, JLT Re, said: “The creation of JLT Fac is a reflection of the JLT …
ACE Limited completed its acquisition of Chubb yesterday, creating the world’s largest publicly traded property/casualty insurance company. ACE paid approximately $29.5 billion in the aggregate in cash and stock, based on the most recent closing price of ACE Limited shares …
f- Self-driving cars will get closer to appearing on American roads under a U.S. Transportation Department plan to speed their rollout. Regulators will allow automakers that can demonstrate they have a safe autonomous vehicle to apply for exemptions to certain …
Willis Towers Watson announced that Rowan Douglas, head of Willis Towers Watson’s Capital Science & Policy Practice, has been made a CBE in the United Kingdom’s New Year Honours List for services to the economy through risk, insurance and sustainable …
Liberty Mutual Insurance named Fernando Cámbara Lodigiani as CEO of its Chile operations following its acquisition of approximately 99.6 percent of Compañía de Seguros Generales Penta Security S.A. (Penta Security). Together with its existing company, Liberty Compañía de Seguros Generales …
The initial estimate of the insured property market loss for flood damage caused by storm Desmond during Dec. 4-24, 2015 is £717 million ($1 billion), while windstorm losses from the event are estimated at £42 million ($59.3 million), according to …
Brazil’s Federal Police accused Vale SA and its Brazilian joint venture with BHP Billiton Ltd of environmental crime related to a November dam collapse that destroyed a city in the country’s southeast and sent waves of toxic mud downstream into …
