School insurance policies in Ohio that used to cover the basics, workers’ compensation for staff, liability insurance for jungle gym accidents, now also cover catastrophes such as terrorist attacks or school shootings, insurers and school officials say. Districts noticed events …
Canadian business is vulnerable to climate change and the increasing frequency and intensity of natural catastrophes, Lloyd’s Chairman Lord Peter Levene warned in a July 11 speech to the Vancouver Board of Trade. Levene called on governments, businesses and insurers …
After 15 years of quiet, the Texas Gulf Coast woke up last year to the possibility of a windstorm so severe that it could devastate coastal property for years, affect the economy of the entire state, and strain the ability …
The Property Casualty Insurers Association of America (PCI) has appointed Genio Staranczak as the organization’s chief economist. Dr. Staranczak will be responsible for economic analysis on the full range of public policy issues facing the industry. In particular, he will …
The Independent Insurance Agents & Brokers of America (the Big “I”) testified today before the Senate Banking Committee in support of targeted “federal tools,” and in opposition to federal regulation, to enhance and reform the existing state-based insurance regulatory system. …
The Bermuda-based Catlin Group Limited has established a new office in Hong Kong. “Catlin Hong Kong Limited will operate as a registered Lloyd’s of London coverholder, binding non-life business on behalf of the Catlin Syndicate (Syndicate 2003) at Lloyd’s,” said …
A man has pleaded not guilty to charges of swindling 11 Korean-American investors out of nearly $2 million. Robin K. Cho, 47, faces 118 counts of securities fraud, grand theft and forgery. He entered his plea Thursday. Prosecutors claim Cho, …
Government attempts to deter terrorism can backfire and promote invigorated reprisals and a cycle of violence, according to a new study by University of Maryland researchers. The study is based on a review of what the researchers say is the …
Lloyd’s new 360 Risk Project is dedicated to examining issues that affect the insurance industry, and its first conference took on today’s most far-reaching and important issue – the debate over climate change, global warming and greenhouse gasses. In a …
Britain’s legal definition of terrorism may be too broad and may have to be refined, according to a lawyer who is advising the government. Lord Carlile, a senior barrister, has been appointed by the Home Office to review the legal …
