Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York’s Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu Xiaohui in police custody. Chinese authorities have asked lenders …
China’s civil aviation authority has fined the world’s largest long-haul carrier, Dubai-based Emirates, and barred it from adding new destinations and aircraft in China for six months, following two incidents of “unsafe operations.” Airline crew were responsible for an April …
The death toll in a fire that ripped through a 24-story block of flats in London rose to 17 on Thursday, with many people still missing and firefighters facing hazardous conditions as they searched the charred wreck. Smoke was still …
American International Group Inc. and Standard Chartered Bank plc announced they have successfully piloted what they say is the first multinational, “smart contract” based insurance policy using blockchain, a distributed ledger technology. Noting that coordinating management and placement of multiple …
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in tourism. Terrorism insurance policies were developed after the …
Heath officials have determined the source of a norovirus that sickened dozens of people attending a festival at the Northern Wisconsin State Fairgrounds last month. Wisconsin Department of Health Services spokeswoman Jennifer Miller tells the Leader-Telegram the gastroenteritis outbreak at …
Kevin Loppnow has joined Lockton’s Milwaukee office as a property/casualty unit manager. Loppnow is an industry veteran with more than 25 years of experience as a property/casualty strategist. He previously worked for Lockton in Atlanta, and has returned to the …
Chicago officials are launching a new program to help reduce roadway crashes by 2026. Mayor Rahm Emanuel’s office announced the program this week. Officials say it’ll approach traffic safety as a public health challenge by using data and involving several …
An explosion at a car dealership in Alabama has injured five employees. AL.com reports that Jasper Police Lt. David Mize says the Monday afternoon explosion happened at the customer service center of the Carl Cannon Chevrolet Cadillac Buick GMC dealership. …
A Florida state Court of Appeal reversed the dismissal of a claim for negligent procurement of property insurance, because, when placing the coverage, the insurer’s agent failed to account for a reduction in insurance loss proceeds caused by operation of …
