A small earthquake has rattled parts of the Southern California coast. The U.S. Geological Survey confirmed the magnitude-3.6 quake hit just before 11 a.m. Sunday about 3 miles east of Santa Barbara. A sheriff’s dispatcher says there are no immediate …
Insurance broker and consultant Willis Towers Watson has made six senior appointments across its Global FINEX business, the company’s financial, executive and professional risk specialty group. Jeremy Wall has been appointed chairman of Global FINEX and head of FINEX for …
Investigators are scouring for clues about what sparked a fast-moving New York City house fire that killed five people, including two young boys and two teenage girls. The fire broke out Sunday afternoon, on a street full of single-family homes …
The Geneva Association and the International Insurance Society (IIS) announced the 2017 winner of their collaborative insurance research program, the Shin Research Excellence Awards. Thomas Holzheu and Ginger Turner of Swiss Re received the award for their paper on “The …
Sen. Charles Schumer says the stampede that injured 16 people at New York’s Penn Station just over a week ago shows a need for better coordination between law enforcement agencies at transportation hubs. The stampede erupted April 14 following false …
Eastern Insurance Group, a Natick, Mass.-headquartered subsidiary of Eastern Bank, has hired William F. Gross as executive vice president of commercial lines. Gross, who works out of the Natick office, brings more than 17 years of insurance and sales experience …
Despite believing that their plant, property and equipment are now less valuable than their cyber assets, most organization spend four times more on insurance protecting their physical plants, properties and equipment than they do their information-based assets. The 2017 Cyber …
Large liability claims are becoming more expensive, complex and international, with activity increasing outside the United States, according a report published by Allianz Global Corporate & Specialty (AGCS). “Although recent years have seen a noticeable rise in large environmental liability …
French prosecutors started a preliminary investigation of alleged fraud at PSA Group, the latest car manufacturer to be targeted over potential violations of emissions rules in the aftermath of Volkswagen AG’s diesel-cheating scandal. The stock fell the most in two …
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Kerry McKay to the newly created role of head of Distribution and Client Management for Continental Europe. He will report directly to LSM’s head of Europe, Kadidja Sinz. …
