Insurers face claims of more than US$1.0 billion as a result of severe weather events in the U.S. and Australia during February, according to a report published by Impact Forecasting, Aon Benfield’s catastrophe model development team. The report discussed the …
Chipotle Mexican Grill Inc. on Wednesday won the dismissal of a lawsuit claiming it defrauded shareholders about its ability to protect customers from at least seven norovirus, E.coli and salmonella outbreaks that erupted in 2015. U.S. District Judge Katherine Polk …
Christopher J. Swift, chairman and CEO of The Hartford, has been reelected as chairman of the board of directors of the insurer trade group, the American Insurance Association (AIA). Swift joined The Hartford in March 2010 and served as executive …
WikiLeaks documents showing the U.S. Central Intelligence Agency considered a “mission” against connected car technology underscores auto industry concern that the science behind the next generation of vehicles could be turned against them. Cyber security is considered key to the …
The African Risk Capacity (ARC) has teamed up with the African Development Bank (AfDB) to help African nations strengthen their resilience to weather-related risks. The ARC and the AfDB will work together to develop their member states’ understanding of the …
The Alabama Supreme Court says workers who claim they were injured by a tool at a shipyard in Mobile can go ahead with their lawsuit against the shipbuilder. The justices on Friday refused to order a lower court to dismiss …
The family of a snowboarder who suffered broken bones and frostbite after falling 30 feet off a ski lift to avoid freezing to death has sued a North Carolina ski resort. The Charlotte Observer reports Robert and Wendy Elliott of …
Markel International, the London-based specialist insurer and Markel Corp. subsidiary, has launched a surety offering, following the appointment Damian Manning to head the new team and David Chandler as senior underwriter. The business will initially focus on opportunities in the …
Officials say they’re on schedule to open the new home base for the U.S. government’s “hurricane hunter” aircraft before the Atlantic hurricane season begins. The National Oceanic and Atmospheric Administration’s planes are specially equipped to collect forecasting data as they …
Prime Minister Theresa May’s team increasingly expect the U.K. to trigger the start of Brexit talks in late March, according to two British officials and a European Union diplomat. While the end of next week remains an option if May …
