A British drone operator has won a contract to inspect rigs operated by one of the world’s largest oil producers. Sky Futures Ltd. will deploy drones at Eni S.p.A. facilities as part of a global three-year contract. The company expects …
Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European Union are creating opportunities to sell insurance guarding commercial clients against disruptions in global commerce. “I wouldn’t be surprised if …
Catastrophe modeling firm AIR Worldwide (AIR) announced that its earthquake model for Colombia has been approved by the country’s insurance regulator, the Superintendencia Financiera de Colombia, for use by domestic insurance companies in managing their earthquake risk. “The Colombian government …
Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in the early stages of Donald Trump’s presidency, said in a letter the Fed has the authority and responsibility to consult …
Officials say a fire destroyed a research building at Virginia Tech. Media outlets report it happened at the Prices Fork Research Station on Sunday night. Bob Schubert, the College of Architecture and Urban Studies’ associate dean for research, says the …
Plow trucks and shovelers in the Northeast attacked the region’s newest winter storm as fresh powder piled on top of ever-growing piles and whiteout conditions made roads unsafe, immobilizing millions of residents. Winter storm warnings were in effect from upstate …
Philadelphia Insurance Companies (PHLY), a commercial property/casualty and professional liability insurance company for niche markets based in Bala Cynwyd, Penn., has promoted five employees to vice president. Yvonne Burgess, Michael Ricca and Chris Rosecrans are now vice presidents in the …
Investors and insurers with more than $2.8 trillion in assets under management on Wednesday called on the Group of 20 economies to phase out fossil fuel subsidies by 2020 despite U.S. doubts about climate change. G20 nations should work “to …
Andrew Fastow, former chief financial officer (CFO) of Enron Corp., a now-defunct energy trading company swept up in a massive fraud scandal in the early 2000s, warned a room full of directors and officers (D&O) underwriters that some companies today …
Florida’s insurance industry will apply significant pressure on lawmakers to pass assignments of benefit (AOB) reform in the upcoming legislative session as consumers face rate increases and a looming coverage availability crisis due to serious and costly abuse of the …
