Ace Ltd. Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. Prices for catastrophe reinsurance have declined about 5 …
Carnival Corp., Royal Caribbean Ltd. and Norwegian Cruise Line Holdings Ltd., the target of proposed legislation after high profile mishaps at sea, will voluntarily publish more data about crimes on their cruises. Adam Goldstein, president and chief executive officer of …
PERILS AG, the independent Zurich-based company providing industry-wide catastrophe insurance data, has released its final Maximum Flood Extent Map for the floods which affected Central Europe in June 2013. The bulletin explained that the “flood footprint is based on the …
A mid-year natural disaster analysis from Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, puts economic losses from global natural disasters at $85 billion, higher than the $75 billion for the same period in 2012, but …
ProHost USA, a Minneapolis-based program administrator, has added a new data breach coverage endorsement to its package programs for fine dining, family dining and fast casual restaurants. The endorsement, written on admitted paper, is available immediately in 28 states with …
A train derailed outside the ancient northwestern Spanish city of Santiago de Compostela on Wednesday evening, killing at least 77 people and injuring up to 131 in one of Europe’s worst rail disasters. Bodies covered in blankets lay next to …
Natural gas spewed uncontrolled from a well of the Louisiana coast on July 23 after a blowout that forced the evacuation of 44 workers aboard a drilling rig, authorities said. No injuries were reported in the midmorning blowout and there …
A lawsuit alleging that traffic cameras used to trap speeders are unconstitutional has been filed against a southwest Ohio village just months after a judge ordered similar cameras removed in another village in the state. The lawsuit filed recently in …
A consultant already serving federal and state prison sentences for bribing state officials in the home elevation grant program, pleaded guilty to six counts of theft, for taking money from people but not doing the work. The Times-Picayune reports Rickey …
A former employee at an Iowa casino is accusing its general manager of making inappropriate sexual comments to employees and patrons. Gail Wilson, a former guest services manager at Lakeside Casino in Osceola, filed a lawsuit alleging that she was …
