Claims / Legal
Western U.S. Wildfires Will Leave Insurers With a ‘Multi-Billion-Dollar’ Bill: Aon
Wildfires across the western United States will leave insurers with a "multi-billion-dollar" bill, Aon concluded in its September 2020 Global Catastrophe Recap. While it will likely take some time to ...
Exiting Insurers, Premium Hikes Pummel Canada’s Wounded Hospitality Business
Canadian hospitality businesses, already reeling from the downturn sparked by the coronavirus pandemic, are facing yet another existential threat as insurance companies spike premiums or exit the ...
Waymo Driverless Taxi Service Relaunching, Expanding in Phoenix
Waymo on Thursday will relaunch and expand its fully automated, robo-taxi ride hailing service in Phoenix, rebooting its effort to transform years of autonomous vehicle research into a ...
Claims Trends, Risk Exposures Face Long-Term Changes Due to Pandemic: AGCS
The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and ...
Hired Hacker Group Runs Rampant in Middle East
Saudi diplomats, Sikh separatists and Indian business executives have been among those targeted by a group of hired hackers, according to research published on Wednesday by software firm BlackBerry ...
Allianz Among Insurers Bracing for Claims Over Hollywood Pandemic Production Shutdowns
Allianz SE, Europe's largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it's the ...
Delta Becomes a Hurricane Heading Toward Gulf of Mexico
Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane ...
Victims of Las Vegas Mass Shooting Win $800M Settlement
A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting ...