In what the EU chief called a “major concession,” U.S. President Donald Trump agreed on Wednesday to refrain from imposing car tariffs while the two sides launch negotiations to cut other trade barriers, easing the threat of a transatlantic trade …
Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent lower than the 10-year average of US$35 billion and 19 percent lower than the 18-year average of US$26 billion, according …
The San Francisco Board of Supervisors has become what is believed to be the first U.S. municipal body to try to force insurance companies to stop insuring and investing in fossil fuels. The board on Tuesday voted unanimously in favor …
The House of Representatives passed a measure to reauthorize the nation’s flood insurance program for four months beyond its current July 31 expiration date. The House measure to renew the National Flood Insurance Program (NFIP) until November 30, 2018, contains …
K&K Insurance Group, Inc. has launched a new program in conjunction with Hibbs-Hallmark & Company offering insurance designed specifically for aerial attractions such as zip lines operators, canopy tours, ropes/challenge courses and aerial adventure parks. No prior appointment or agreement …
Bermuda-based specialty insurer Ascot has created a trade credit insurance division with the appointments of Doug Collins as executive vice president of Trade Credit and Anthony Barrett as senior vice president of Trade Credit. Collins, who will lead all aspects …
Chubb has a very good second quarter in both underwriting and investments, reporting net income of $1,294 million compared with $1,305 million for the same quarter last year. P/C net premiums written increased 5.6 percent to $7.5 billion and global …
A retired Georgia Institute of Technology engineering professor described as a “pioneer” in developing the idea of ride sharing sued Lyft Inc., claiming it infringed his patent for technology underlying the core of its business model. According to a complaint …
At least a dozen companies and government agencies have been targeted and thousands more are exposed to data breaches by hackers exploiting old security flaws in management software, two cyber security firms said in a study published on Wednesday. The …
Less than 12 percent of U.S. homeowners have a flood insurance policy, despite the fact that flooding is the country’s most common natural disaster, said Katy Sivyer, underwriter for North America and the Caribbean at Hiscox Re & ILS, in …
