PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data, has disclosed its fourth and final property loss estimate for the flood event which hit northern Queensland, Australia, and in particular the city of Townsville, between Jan. 26 and …
Mount Rainier National Park was hit by flooding and landslides that closed all roads to the park and damaged roads, trails and buildings. The damage throughout the park is expected to be revealed as extensive as floodwaters recede and snow …
California utilities plan to continue shutting off power to customers during dry and windy conditions to prevent sparking deadly wildfires, but they aim to make outages more targeted to avoid widespread blackouts, according to plans filed with the state. Plans …
Mercury General Corp. on Monday reported fourth-quarter profit of $31.7 million. On a per-share basis, the Los Angeles-based company said it had profit of 57 cents. Earnings, adjusted for investment gains, came to 21 cents per share. The auto insurance …
Britain wants a stable relationship with the European Union for “decades to come” in financial services, Britain’s finance minister Sajid Javid said on Tuesday, but received an instant rebuttal from Brussels. Britain left the EU last month and its large …
Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills. California’s PG&E Corp., which was forced into bankruptcy a year ago after its equipment sparked the deadliest wildfire in state …
A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people moved eastward Monday, causing severe travel disruptions across the continent. After striking Britain and Ireland on Sunday, the storm moved …
The United States has charged four Chinese military hackers in the 2017 breach of the Equifax credit reporting agency that affected nearly 150 million American citizens, Attorney General William Barr said on Monday. “This was a deliberate and sweeping intrusion …
NFP, the New York City-based insurance broker and consultant, announced the acquisition of Indemnis Trade Risk Management Ltd. Financial details of the transaction, which closed on Dec. 10, 2019, were not disclosed. Indemnis, headquartered in Toronto, Ontario, Canada, with operations …
HDI Global Specialty SE, the specialty lines insurer, has promoted Frida Kangasniemi to the role of head of Airline. She replaces Thomas Broms in the role who retired at the end of last year. Kangasniemi was previously head of General …
