Bermuda-based specialty insurer Sompo International Holdings Ltd. reported that Steven E. Grippo has joined Sompo Pro as senior vice president where he will lead the unit’s U.S. Architects & Engineers practice. Grippo brings to Sompo nearly 30 years of experience …
There is an 80 percent chance of weak El Niño conditions continuing through the northern hemisphere spring 2019, a U.S. government weather forecaster said on Thursday. The expectation of the weather pattern continuing through summer stood at 60 percent, the …
A New Mexico non-profit that’s assembled gift bags for the Oscars and Grammys is facing a class action lawsuit brought by disabled employees who say it pays as little as 18 cents an hour. The suit is the latest to …
The marijuana industry is an opportunity for insurers as more states have legalized the drug. But there are still risks in play that could limit wider carrier participation, A.M. Best said in a new report. One of the key barriers …
Boston-based insurtech company Corvus Insurance has expanded its underwriting appetite for its Smart Cyber Insurance product lines with the launch of an excess cyber insurance policy designed to give brokers the ability to participate on the coverage towers of larger …
Millions of Americans get their health insurance and retirement accounts through their employers. Now some are getting help with their debt. Companies including insurer Aetna and accounting firm PwC help employees pay down student loans. Others partner with startups to …
Johnson & Johnson must pay $29 million to a dying California woman who blamed asbestos-tainted talc for causing her cancer, the company’s latest loss over its iconic baby powder. Jurors in state court in Oakland, California, on Wednesday held J&J …
U.S. regulators reversed course Wednesday and announced they will ground Boeing Co.’s top-selling 737 Max family of airliners amid safety concerns after a crash Sunday in Ethiopia — five months after a similar tragedy off Indonesia. “The safety of the …
Marsh has launched IP Protect – an insurance product tailored to address organizations’ intellectual property (IP) risks. A proprietary Marsh policy, IP Protect is backed by Ambridge Partners, a managing general underwriter of transactional, complex management liability, and intellectual property …
Aon has formed a strategic alliance with Zesty.ai, a San Francisco-based insurtech startup, which uses artificial intelligence (AI) to enhance insurers’ property underwriting. Zesty.ai’s technology provides access to more than 130 billion data points on buildings and their surroundings which …
