Insured losses for the Australian bushfires of 2019/2020 rose to A$1.866 billion (US$1.441 billion), according to estimates issued by PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This fourth and final industry loss estimate is a slight …
CALGARY, Alberta – Restrictions imposed by British Columbia to fight the spread of COVID-19 infections after the holiday break have disrupted work at construction sites of a Rio Tinto hydropower project and BC Hydro’s Site C dam. A total of …
Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price increases in recent memory during the Jan. 1 reinsurance renewals, according to …
Broker/adviser TigerRisk announced it has appointed Glyn Ridpath a partner in the company’s fast-growing Casualty Practice. Based in London, he will report to James Few, TigerRisk’s CEO UK. Ridpath started his insurance industry career in the claims department of Aon …
LIMA – Peru’s health minister said on Tuesday that “controversy” had arisen over a liability waiver in the country’s negotiations to obtain COVID-19 vaccines from Pfizer Inc. Pilar Mazzetti told Congress that Peruvian officials had been in “constant contact” with …
The CEO of a marketing and technology company has gone to court over what he says are faulty custom-made steel-and-glass windows and doors in his $16 million Charlotte home. Ric Elias, CEO and co-founder of Red Ventures, and his wife, …
The Trump administration has approved Gov. Tate Reeves’ request for federal help following Hurricane Zeta. President Donald Trump declared the disaster on New Year’s Eve, ordering federal aid to help South Mississippi counties recover from the worst hurricane to hit …
The way liability claims are litigated in Florida will dramatically change, possibly shifting the balance of power in pre-trial negotiations closer to favoring defendants and their insurance companies after the Florida Supreme Court opted to adopt the federal summary judgment …
The Professional Insurance Agents of Wisconsin (PIAW) has hired Natalie White as the association’s new communications director. White joins PIAW after several years of working in the Wisconsin Legislature. In addition to absorbing the media and marketing functions of PIAW, …
Cincinnati, Ohio-based Core Specialty Insurance Holdings Inc. has filled several key roles within its Property Division, led by Alison Oliphant. The company had previously announced its plans to launch this division ahead of the start of the 2021 renewal cycle. …
