Typhoon Hagibis is likely to be an earnings event for Japan’s three main non-life insurance groups, MS&AD Insurance Groups Holdings, Sompo Japan Nipponkoa Insurance and Tokio Marine & Nichido Fire Insurance Co. (TMNF), with no material effects on capital and …
Insurance broker Aon plans to move its parent company’s jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its operational headquarters in London and the switch of …
Ransomware attacks increased by 37% during the third quarter of 2019, compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. One-quarter (24%) of all ransomware incidents reported to Beazley …
Accredited Surety and Casualty Co. Inc., a Florida-domiciled insurance company licensed to write admitted business in all 50 states, has entered into a new program partnership with M.G. Skinner & Associates Insurance Agency Inc. Accredited will be the issuing carrier …
PG&E Corp. told a judge it’s willing to extend the deadline for victims of wildfires caused by the utility’s equipment to file claims in its bankruptcy. U.S. District Judge James Donato criticized the company at a hearing last week, saying …
PG&E Corp. investors looking to learn their fate may not get the answer from the bankrupt power company. Instead, the key data point could pop up within days on the website of California’s forestry service. That’s where firefighters are tracking …
Damages from the fires ripping across California stand at $25.4 billion, and they’re bound to keep rising. The Kincade fire has cost $10.6 billion, while the tally in Southern California is $14.8 billion mainly from the Tick, Getty and Saddle …
Specialist insurer Beazley has appointed Matthew Westhoff as head of U.S. large commercial property based in New York. Westhoff will manage the US-based team, working alongside the property team in London. He brings 16 years of insurance experience and was …
The Hanover Insurance Group has hired Denise M. Lowsley to be executive vice president and chief human resources officer. Lowsley will focus on the Massachusetts-based insurance carrier’s human capital strategy and its collaborative culture. Lowsley has 20 years of experience …
The performance of modern pedestrian detection systems varies widely between carmakers, with high-end luxury brands generally faring better and other models failing to recognize pedestrians altogether, according to a study released on Tuesday by a U.S. insurance research group. The …
