The U.S. National Transportation Safety Board is urgently recommending an independent audit of the Baltimore schools’ transportation department, saying students remain at risk after a crash that killed six people. The agency made recommendations Tuesday to state and city school …
Sen. Charles Schumer is calling on the U.S. Department of Agriculture to make crop insurance for malt barley available to more New York farmers to help the craft brewing industry in the state. Schumer was at the 1886 Malt House …
Robert Higgins and Kelvin Mattocks died on Oct. 21, 2016, in Boston, Mass., when the approximately 12-foot deep trench in which they were working collapsed, breaking an adjacent fire hydrant supply line and filling the trench with water in a …
The initial estimate of insured property market losses for extratropical cyclone Zeus, which mainly hit France on March 6-7, is €192 million (US$200 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. Low pressure system …
Malaysia is weighing tougher enforcement of a cap on foreign ownership of insurers as it seeks to boost local participation in the industry, people with knowledge of the matter said. The central bank is considering more strictly applying an existing …
Brit Ltd. announced that it has appointed David Lim as CEO, Brit Global Specialty Singapore, with effect from May 15, 2017. Following the appointment, Lim, together with Charles Barrett, chief underwriting officer, Asia Pacific, will be responsible for identifying growth …
Zurich Insurance Group has successfully acquired Cover-More Group Ltd., a leading travel insurance and assistance solutions provider based in Sydney with a strong market position in Australia, India and the U.S. This transaction is an important milestone for Zurich as …
San Diego, Ca.-based Cavignac & Associates has named Julie Brennan as senior account manager within the agency’s construction practice. Brennan will serve as the main point-of-contact at the agency for both surety and commercial insurance clients. She is charged with …
Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world’s second-biggest reinsurer said on Thursday, an unusually high loss that could see reinsurance prices rise in Australia. Cyclone Debbie, a Category 4 …
Evan Freely has been insuring global risks for years — through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more rapid pace than he’s …
