Technology is playing a greater role in how high value assets are managed and protected, according to global head, Tobias… Source link
The Atlantic has been pretty quiet so far this season, but one system east of Bermuda could soon develop into a tropical storm, the National Hurricane Center said Thursday. If the storm were to develop into a Category 5 hurricane that strikes heavily populated cities like Miami or Tampa Bay, the insured losses could top …
Hannover Re shares climb 4.1% and Swiss Re gains 3.7% as insurance and reinsurance stocks outperform Source link
The catastrophic mountain flooding in Nepal that killed more than 1,300 people was driven by a complex web of climate and seismic processes that made it nearly impossible to predict, according to an international team of scientists. Rising global temperatures thawed permafrost and thinned glaciers along the Langtang Lirung peak in the Nepalese Himalayas, which, …
Think tank says insurers hold the risk data needed to identify high-impact resilience projects Source link
Lely North America, Inc., an international agricultural technology company headquartered in Pella, Iowa, agreed to resolve a discrimination charge filed with the U.S. Equal Employment Opportunity Commission (EEOC), the federal agency announced. The EEOC’s charge investigation found that Lely violated Title VII of the Civil Rights Act of 1964 when it failed to provide a …
Arguably the most visible regional intervention in the marine insurance market has come from India Source link
California Gov. Gavin Newsom on Tuesday signed legislation establishing standards for investigating, testing and restoring smoke-damaged homes. Newsom signed Assembly Bill 1795, the Smoke Damage Recovery Act. The bill, authored by Assemblymember Mike Gipson and sponsored by California Insurance Commissioner Ricardo Lara, creates a presumption that smoke damage within a wildfire impact area resulted from …
Iran has expanded its Strait of Hormuz blacklist to 76 vessels and warned insurers, P&I clubs and classification societies against… Source link
Insurance company Sagen MI Canada Inc. is looking to raise around C$300 million ($216 million) through a bond sale as soon as this week, according to people familiar with the matter. The debt will likely mature in seven years, the people said, asking not to be identified as they aren’t authorized to speak publicly. Executives …
Marsh Europe chief executive succeeds John Donnelly who is retiring Source link
Iran’s Persian Gulf Strait Authority, set up by Iran to manage requests of passage in the Strait of Hormuz, published on Monday an updated list of 77 vessels “violating Iranian protocols for the Strait of Hormuz.” Concerns over global energy supply have deepened after the latest attacks around oil transit routes in the Strait of …