Search teams looked for two missing people in the smoldering debris from a massive Colorado wildfire while people who escaped the flames sorted through the charred remnants of their homes to find what was left. Investigators were still trying to …
A federal appeals court has upended case law for reinsurers in New York, declaring that policy limits don’t extend to litigation costs for a property and casualty insurance carrier. In Global Reinsurance Corp. of America vs. Century Indemnity, the U.S. …
RIMS Introduces 2022 Officers and Directors Patrick Sterling will lead RIMS, the risk management society, as president for the 2022 term. Sterling is vice president at the steakhouse restaurant chain Texas Roadhouse in Louisville, Kentucky. A 34-year veteran of the …
Insured losses of $44 billion from COVID-19 so far represent the third largest cost to insurers of any catastrophe, behind Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on Tuesday. However, initial projections of $100 billion-plus for COVID-19 …
Businesses figured out how to work remotely on the fly when COVID-19 rapidly disrupted their ways of working. Those planning to adopt a hybrid work model when they return to the office still have time to prepare. But managing a …
Aston Lark, the London-based insurance broker that is soon to become part of Howden, announced the acquisition of UK broker Mainstay Insurance. Financial details of the transaction were not disclosed. Founded in 2013 by Richard Gorrill and headquartered in Hove, …
Verizon Communications and AT&T Inc. said late on Monday they had agreed to a two-week delay in deploying C-Band wireless spectrum, averting an aviation safety standoff that threatened to disrupt flights starting this week. The carriers had faced pressure from …
Apple Inc supplier Foxconn is unlikely to reopen its shuttered iPhone manufacturing facility in southern India until Jan. 7, a senior government official familiar with the matter told Reuters. The Foxconn plant, located in the state of Tamil Nadu, was …
GUANGZHOU, China – Investors in financial products issued by China Evergrande Group protested outside the cash-strapped company’s offices in Guangzhou on Tuesday, with many worried that their returns would be sacrificed to keep real estate projects afloat. Members of the …
The most significant non-U.S. loss event in 2021 was the mid-July flooding in Western Europe, according to CRESTA, the Zurich-based insurance industry organization that provides a global standard for risk aggregation zones and catastrophe industry losses. This event generated a …
