Fleets of commercial drones are primed to hover over the destruction from Tropical Storm Harvey in an unprecedented test of unmanned aircraft’s ability to assess billions of dollars in damage for the insurance industry and accelerate payouts for harried policyholders. …
Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and insurers say they can help safeguard lenders by providing an extra layer of expertise. After a spate of expensive court …
Fidelis Insurance announced that Ian Burford will join the London underwriting team as chairman of Specialised Risks, effective Sept. 4, 2017. Bringing over 30 years of experience in the London insurance market, Burford will focus on identifying opportunities to expand …
Toyota Motor Corp. is pushing deeper into the ride-sharing business. The Japanese carmaker is making a strategic investment in Grab, Southeast Asia’s leading ride-hailing operator, and said it will work with the company to provide services in Southeast Asia. Toyota …
All residents within 1.5 miles (2.4 km) of a chemical plant in southeast Texas were evacuated on Tuesday as a “precautionary measure” on Tuesday because of the rising risk of an explosion, the local fire marshal’s office said in a …
The Rubik’s Cube has delighted and confounded millions of players since Hungarian architecture professor Erno Rubik created it in 1974. Now the company that makes the twisting puzzle wants to stop the maker of Duncan yo-yos from selling an alleged …
My heart goes out to the people who have borne the brunt of Hurricane Harvey and still face continued flooding and a long recovery. As a nation, we need to be better prepared for such catastrophic floods so as to …
Aviation regulators imposed a prohibition on hobbyist drones and other civilian aircraft flying in the area affected by Tropical Storm Harvey after concerns were raised about potential interference of rescue efforts. The Federal Aviation Administration issued the new restrictions Tuesday …
Beazley has launched a new excess policy for the U.S. market that significantly expands the protection available to firms that fall victim to impersonation scams by fraudsters convincing employees to wire funds to external accounts. According to Beazley, this and …
A West Virginia doctor accused of illegally distributing painkillers to three patients who later died has been sentenced to 20 years in federal prison. Dr. Michael Kostenko, who faced 22 charges, admitted at the second day of his trial in …
