In 2020 alone, more than 10.3 million acres were burned by wildfires across the United States, a level three times higher than the 10-year average from 1990 to 2000 10. Between fire suppression costs, direct and indirect costs, wildfires in …
Search-and-rescue teams pulled two more bodies from the concrete and steel rubble of a partially collapsed Florida condominium tower on Monday, bringing the death toll to 11 with 150 people still listed as missing four days after the disaster. Pouring …
Pathpoint, a digital excess and surplus lines insurance brokerage, reported that it has raised $30 million in funding. Investors include Caffeinated Capital, which led the round, and repeat investors including SciFi VC, Founders Fund, and Chubb. Hiscox and other carriers …
Jurors on New York’s Long Island are set to determine whether a group of opioid makers and drug distributors created a public health crisis and should pay for it, in a bellwether trial for lawsuits filed by communities across the …
Central London could lose as many as 835,000 jobs in the aftermath of the COVID-19 pandemic, with employees in service industries increasingly able to work remotely and flexibly, according to research by a consulting firm. An analysis of London’s labor …
The National Hurricane Center has withdrawn yesterday’s tropical storm warning. Tropical Storm Danny has weakened as it travels inland over Georgia and is no longer classified as a tropical cyclone. The remnants of the storm were moving toward the west-northwest …
The following international People Moves provides details of appointments at reinsurer Peak Re and two brokers, TigerRisk and Oneglobal. A summary of these new hires follows here. Peak Reinsurance Co. AG, the wholly owned European subsidiary of the Hong Kong-based …
Berkshire Hathaway Specialty Insurance (BHSI) announced it has added to its customized suite of directors & officers (D&O) liability and professional indemnity policies, for customers in Ireland. The company has launched a new suite of “Professional First” coverages, which includes …
Markel Corp. announced that Simon Wilson will become the next president of Markel International, a wholly owned subsidiary. He will succeed William Stovin who has led the Markel International division since 2008. The transition is part of a planned succession …
Swiss Re’s iptiQ and ImmoScout24, Germany’s leading online real estate platform, are launching a loss-of-rent insurance product, which provides private landlords with protection against the financial uncertainties that can arise from tenancy agreements. As an insurance partner, iptiQ offers ImmoScout24 …
