Everest Re Group Ltd. announced the addition of several new senior underwriters to the London team of Everest Reinsurance (Bermuda) Ltd. Luke Armitage joins Everest Re’s London office as senior underwriter for motor business. Previously, he spent 10 years with …
The World Economic Forum is bringing insurers, tech firms and governments together to find ways to tackle risks from new technology such as drones and driverless cars, it said on Thursday. Tech firms have moved fast to develop new products, …
Saudi Arabia’s central bank is preparing tougher rules for insurance companies as part of a drive to create a smaller number of stronger market players operating in the country, two people with direct knowledge of the matter told Reuters. A …
Kobe Steel Ltd.’s legal problems are just beginning in wake of the company’s disclosure that it falsified data for years about the durability of aluminum and copper used in airplanes, trains and vehicles. The Japanese company, which supplies many of …
A North Carolina town is struggling to deal with repeated sewage spills in the last two years. The StarNews of Wilmington reported the latest spill in Leland occurred Sept. 12 when more than 33,000 gallons (124,915 liters) of untreated wastewater …
A Florida insurance agency owner has been arrested after being accused of submitting fake insurance applications and stealing nearly $300,000 in insurance premiums. According to a statement from Chief Financial Officer Jimmy Patronis announced the arrest of Jose Manuel Caballero-Morlesin …
Last week’s massacre at a Las Vegas country music festival offers gun control advocates a fresh chance to test a law, put in place by Republicans and the gun industry’s lobby, that protects the industry from liability for the criminal …
U.S. Supreme Court justices suggested they may bar victims of overseas atrocities from using a centuries-old law to sue corporations for complicity, as the court weighed a case stemming from Middle Eastern terrorism. Hearing arguments Wednesday in Washington, the court’s …
Lemonade announced Tuesday that it launched a public API (application programming interface), allowing anyone to seamlessly offer Lemonade policies through their apps or websites. The insurtech home insurer announced: “Today, we’re thrilled to announce that we’re opening up the Lemonade …
In the wake of three devastating hurricanes this season, many carriers and vendors used drones and airplanes to assess structural storm damage. This use of aerial imaging combined with machine learning has fostered speedier claims resolution, according to industry experts. …
