In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) through issuance of a catastrophe bond. FEMA began purchasing private reinsurance in …
London-based re/insurance broker United Insurance Brokers (UIB) has launched a retail broking business in Colombia. The new company, UIB Seguros will be headed by CEO, Yolanda Guerra, reporting directly to Tony Dilley, CEO of parent company UIB International. “Colombia is …
Kaufman Dolowich & Voluck LLP (KDV), a national law firm headquartered in Woodbury, N.Y., is expanding its Insurance Coverage & Litigation Practice with the addition of three directors and officers liability partners in its New York City office. KDV now …
Department store chain Sears Holding Corp. and Delta Air Lines Inc. said on Wednesday some of their customer payment information may have been exposed in a cyber security breach at software service provider [ 24]7.ai. Sears said it was notified …
Irelsie Alvarez said she and fellow jurors wanted to send JPMorgan Chase & Co. a message with their startling $8 billion verdict in a Dallas probate case — an award that’s destined to be reduced to no more than $90 …
Jurors are set to weigh an investment banker’s claims that using Johnson & Johnson’s baby powder for more than 30 years caused him to develop a deadly cancer linked to asbestos. A New Jersey jury will begin deciding Wednesday whether …
Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc. of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of 147 million people, a state court judge has …
Silicon Valley may tighten security after a shooting at the YouTube headquarters stunned the San Francisco Bay Area this week, but do not expect armed guards to take up protective posts around tech companies’ campuses. They want broader integration with …
Tokio Marine Kiln (TMK), the provider of specialist and corporate insurance, announced the promotion of Alex Dugand to regional managing director, Asia. Dugand takes up the role with immediate effect and will report to James Dover, group chief financial officer. …
New Zealand’s government on Wednesday issued a compulsory recall for 50,000 cars with faulty Takata air bags after saying a voluntary recall wasn’t making enough progress. The move comes after Australia issued a compulsory recall for 2.7 million cars with …
