CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the devastating magnitude 7.2 earthquake, which struck the Caribbean island on Aug. 14, significantly affecting the city of Les Cayes. This …
TechAssure has announced a partnership with RiskAnalytics and ICE Cybersecurity to launch an exclusive cyber insurance option called The ShadowNet Program, a real-time, proactive cyber intelligence service. Using RiskAnalytics’ proprietary cybersecurity solutions, and ICE Cybersecurity’s assessment and analytics platform, insureds …
Earthquakes have been wreaking havoc in Haiti since at least the 18th century, when the city of Port-au-Prince was destroyed twice in 19 years. Saturday’s powerful quake killed hundreds and injured thousands more. Eleven years earlier a temblor killed tens …
The South Carolina Supreme Court ruled that a mask mandate instituted by the University of South Carolina last month does not violate a state budget proviso banning discriminatory face covering requirements. University officials withdrew the mask rule earlier this month …
A London court on Wednesday approved a 10 billion pound-plus ($14 billion-plus) class action against global payments processor Mastercard that claimants said could entitle 46 million British adults to roughly 300 pounds each if it is successful. The Competition Appeal …
Tokio Marine Insurance Singapore Ltd. (TMiS), a subsidiary of Tokio Marine Group, announced it was hit by a ransomware cyber attack. Upon a detection of the attack, TMiS immediately took necessary measures including the isolation of the network to prevent …
As the new school year begins for Texas students and mask mandates are debated in various state courts, at least four school districts have already closed campuses due to COVID-19 outbreaks. The shutdowns are taking place as more school districts …
The family of one of the two men fatally shot during a demonstration against police violence in Kenosha, Wisconsin, has filed a federal civil lawsuit against local law enforcement, accusing officers of facilitating Kyle Rittenhouse’s attacks. Anthony Huber was participating …
Global insurance broker Marsh and global bank Citi said they have developed a risk mitigation structure to cover the risk associated with a number of governments that are self-funding their coronavirus vaccine procurement through the COVAX Facility. The innovative structure …
CNA CNA appointed Dieter Korte senior vice president, Middle Market. In this role, Korte will be responsible for profitability, growth, and strategic direction of Chicago-based CNA’s middle market business unit. Korte joined CNA in 2016 after 25 years of commercial …
