Corporate risk managers are buying parametric insurance policies to supplement, not replace, their indemnity-based policies. The parametric products worked well with customers hit by the 2017 hurricanes, according to Robert Nusslein, head of Swiss Re’s Innovative Risk Solutions Americas, who …
A prominent human rights lawyer demanded last week that Qatar compensate Dutch-based victims of an al-Qaida-linked Syrian extremist group, saying the Al Nusra group was financed by Qatar-based funding networks. In a letter sent to Qatar’s ruling emir that was …
A lawsuit against Southwest Airlines Co. has been filed by a passenger who was flying on last week’s flight 1380, in which an engine exploded and one person was killed. The lawsuit claims that since the accident, the passenger, Lilia …
A new report commissioned by Lloyd’s of London finds a role for insurance in helping the sharing economy grow by clearly defining the risks in the peer-to-peer world. However, differing views on who should take on sharing these risks could …
Two former coal miners in Kentucky who claimed defective dust masks led to their debilitating black-lung disease were awarded $67.5 million in damages in their civil lawsuit. The Lexington Herald-Leader reported that a Knott County jury awarded $62.5 million in …
The family of a South Carolina woman has filed a wrongful death lawsuit against American Airlines, accusing the company of negligence in her death following a medical emergency during a flight two years ago. In a lawsuit filed earlier this …
Authorities say one person is dead in a fire at an apartment complex in South Carolina. Fire officials say they were called to the Court Ridge apartments in Greenville around 6:45 p.m. Friday. Authorities say the fire appeared to be …
AAA Carolinas Insurance has launched new inland flooding protection for policyholders. The Inland Flood Coverage is one of three new enhancements offered by AAA Carolinas Insurance, headquartered in Charlotte, N.C. Home Systems Protection and Service Line Coverage have also been …
The global social media movement known through the Twitter hashtag #MeToo has highlighted sexual misconduct in business, entertainment and politics, and is on the agenda at this year’s Milken Institute Global Conference, which started on Sunday. Beginning with accusations of …
North Carolina Insurance Commissioner Mike Causey this week toured some of the areas hardest hit by a mid-April tornado, saying the storm damaged more than 1,000 buildings in one county alone. As the clean-up efforts continue in Greensboro and Rockingham …
