Specialist insurer Beazley is introducing a new product recall insurance policy for private enterprises in the U.S., with a planned launch in the second quarter of 2020. The company has appointed a new underwriting team specifically to support the offering. …
Ascot has announced the appointment of Jonathan M. Zaffino as group president. He will oversee the organization’s U.S. and Bermuda platforms and will also have executive responsibility for Ethos Specialty, a managing general underwriter in the U.S. market. Zaffino has …
On Main Street in Bridgeport, Connecticut, across the road from a hospital grappling with the coronavirus crisis, a nondescript brick building is playing a key role in the state’s plan to free up acute-care beds and protect its ailing nursing …
Texas leads the nation in insurance claims for hail damage— far outdistancing other states with 23% of loss claims filed over the past three years. The National Insurance Crime Bureau released a three-year analysis of insurance claims associated with hail …
Floods have forced mandatory evacuations in parts of Fort McMurray, the hub for Canada’s oil sands industry, even as the province of Alberta tries to stem the spread of the coronavirus. The Regional Municipality of Wood Buffalo, which includes Fort …
AXA XL Risk Consulting has launched a new risk assessment service, Remote Risk Dialogue, to continue evaluating loss prevention across business lines amid COVID-19 restrictions. Using data captured from telephone calls, web tools and existing reports, Remote Risk Dialogue enables …
Germany’s spring showers haven’t materialized this year, and that’s drying out the country’s most important river, prompting concerns that key industrial goods might have trouble making it to their destination. Typically one of the wettest months, Europe’s biggest economy has …
Thousands of plaintiffs who say that Johnson & Johnson’s baby powder and talc products caused cancer can go forward with their claims, but face limits on what expert testimony will be allowed in trials after a Monday ruling by a …
Risk managers at companies of all kinds have been forced to rapidly evaluate how the coronavirus pandemic is affecting their businesses. They’ve had to react quickly with limited information while trying to forecast future developments. At the same time, they …
Stores and workplaces eager to avoid spreading the novel coronavirus are equipping existing security cameras with artificial intelligence software that can track compliance with health guidelines including social distancing and mask-wearing. Several companies told Reuters the software will be crucial …
