Monthly Archives: <span>April 2018</span>

Shooter’s Family Says They Warned Police She Might Attack YouTube

The woman identified by police as the attacker who wounded three people at YouTube’s headquarters in California was a vegan blogger who accused the video-sharing service of discriminating against her, according to her online profile. Police said 39-year-old Nasim Najafi …

Chubb $380M Q1 Cat Loss Estimate Includes California Wildfires, East Coast Storms

Chubb Limited released preliminary net loss estimates for the first quarter of 2018 attributable to natural catastrophes, including the California mudslides, of $380 million pre-tax, or $305 million after tax. Losses from the California mudslides are estimated at $125 million …

Deductibles: Pest or Partner?

Stop me when you’ve heard this story before. A customer calls to report a claim. It’s a small business and they have a few delivery trucks running around their city. One of them was backing out of a customer’s driveway …

Argentine Drought Hits Farmers Who Begin Demanding Crop Insurance

Jorge Josifovich is silent and downcast as he walks under the pounding sun in one of Argentina’s most fertile agricultural regions, staring at soy crops parched by the country’s worst drought in years. The drought, which began in November, has …

China’s Anbang Gets $9.7B Capital Injection to Bolster Solvency After Alleged Fraud

China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company’s former chairman was accused of masterminding a multi-billion dollar fraud. The move is aimed at ensuring Anbang’s …

Swiss Re Continues Talks with SoftBank Which Seeks Stake of Up to 10%

Billionaire Masayoshi Son’s SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss company’s shares fell as much …

Safety Experts Weigh In on Autonomous Car Standards After Uber, Tesla Fatal Crashes

Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and technology experts said after fatal crashes involving …

XL Catlin Enhances Design Professionals Professional Liability Platform

XL Catlin has enhanced its online underwriting platform for design professional brokers to offer capabilities for quick, single-point access to rate, bind and issue professional liability insurance coverage for architects, engineers, and other design professionals. The technology is compatible on …

Georgia-Based Auto Insurer Access Insurance To Be Liquidated

Insurance regulators in the Southeast are notifying policyholders in their states of a Texas-domiciled/Atlanta, Georgia-headquartered property/casualty insurance company that is to be liquidated after being placed in receivership. Access Insurance Co. is primarily a provider of non-standard auto insurance licensed …

Weather Service: Recent Storms in Mississippi Spawned 4 Tornadoes

The National Weather Service confirms three more tornadoes hit Mississippi last week. No one was injured in the twisters, which mainly caused tree damage on Wednesday. The longest was in Choctaw County, striking near French Camp and ending 8.6 miles …