Three people have been injured after a train hit a car at a Pennsylvania railroad crossing. Railroad officials say the crash happened around 4:15 p.m. Sunday in Aspinwall, a suburban area north of Pittsburgh. A spokesman for Norfolk Southern says …
Excess and surplus lines insurer Berkley Regional Specialty is changing its name to Berkley Aspire effective January 1, 2018. Berkley Aspire writes general liability, property, umbrella and inland marine, and has plans to introduce new coverage lines in 2018. “Our …
Beazley and Munich Re, through their Vector partnership, have reported strong demand for “holistic cover” to protect against cyber attacks and resulting business interruption and supply chain risks. Vector was established in 2015 to offer tailor-made expertise and capacity for …
Marsh announced the appointment of Siegmund Fahrig as CEO of its Continental Europe region, effective immediately. Fahrig succeeds Flavio Piccolomini, who was recently appointed CEO of Marsh’s International Division. Prior to his appointment, Fahrig served as CEO of Marsh’s operations …
Insurance rating agency A.M. Best announced the publication of the updated Best’s Credit Rating Methodology (BCRM) on Friday, and also announced the names of several insurance and reinsurance groups that the rating agency has put under review. Allstate and American …
When cheating becomes habitual, the consequences could be costly. Embattled Kobe Steel Ltd said on Tuesday the U.S. Justice Department is asking the steelmaker to provide documents related to its data falsification scandal. That came after a source with knowledge …
The upcoming implementation of the European Union’s General Data Protection Regulation (GDPR), which takes effect in May 2018, has elevated cyber risk to the top of the corporate agenda for organizations doing business in Europe according to a survey conducted …
Markel International, the specialist insurer, has unveiled a fintech policy offering comprehensive protection for businesses in the financial technology sector in Asia, having successfully launched it in the UK early last year. Simon Moi, senior underwriter and head of professional …
Irish authorities will begin to clean up and count the cost of the worst storm to hit the country in more than 50 years, after Ophelia left a trail of destruction in its wake. At least three people died in …
An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig. The Delta House floating production facility about 40 …
