University of Chicago’s Richard H. Thaler, one of the founders of behavioral economics and finance, was awarded the 2017 Nobel Prize in Economics for shedding light on how human weaknesses such as a lack of rationality and self-control can ultimately …
Capsicum Re, the London-based specialist reinsurance broker, announced the appointment of Conrad Williams as the latest addition to its cyber team. He will report to Ian Newman and Samantha Thompson, partners in Capsicum Re’s London property and specialty division, and …
Pen Underwriting, the UK managing general agent, has announced a new long-term capacity deal with Zurich in the specialist area of hazardous and tanker transportation, building on a successful partnership that extends back more than 30 years. The agreement will …
Lloyd’s of London wants to infuse artificial intelligence (AI) technology into the daily business it does with its customers. The world’s largest insurance market signed a global deal with Expert System that will bring on cognitive automation, via the company’s …
Zurich Insurance will have cut costs by $700 million by the end of the year, nearly halfway to its goal to save $1.5 billion by 2019, Chief Executive Mario Greco said in an interview published on Saturday. “We’re on track,” …
A jury in New Jersey has awarded $6 million to a student who tripped over a cable and broke her arm and elbow in gym class when she was in middle school. The judgment for Destinee Dickens, 19, came last …
Federal officials have visited Connecticut to study the mineral blamed for causing foundations to crumble in thousands of homes. WVIT-TV reports officials with the Federal Emergency Management Agency and the U.S. Army Corps of Engineers finished a two-day visit to …
Maine Employers’ Mutual Insurance Company has returned $21 million to Maine employers insured by the workers’ compensation provider. About 18,000 employers in the state will see insurance returns from the Portland-based insurer. MEMIC president Michael Bourque attributes the lower costs …
New Day Underwriting Managers LLC, a specialty intermediary of environmental and construction-related professional liability insurance coverages based in Bordentown, N.J., has promoted Maydelis Torres to vice president of its real estate practice. For the past four years, Torres has leveraged …
Authorities say a freight train derailed and crashed into a home in Atlanta, knocking it askew and injuring a man. Atlanta Fire Rescue officials said in a brief statement that “multiple cars” had derailed about 3 a.m. Thursday, sending one …
