Claims / Legal
Insurers, Pension Funds Pledge Climate Action at U.N. Summit
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other ...
Collapse of Thomas Cook Leads to Massive Tourist Airlift
The U.K. government deployed the "largest repatriation in peacetime history" to bring home more than 150,000 tourists stranded on overseas beaches and in vacation hotspots by the collapse of tour ...
Wildfire Victims in California Utility Bankruptcy Envision $24B Reorganization Plan
The committee for wildfire victims in the bankruptcy of PG&E Corp said in a court filing on Thursday it was prepared to present a $24 billion reorganization plan for the power provider. The ...
Aviation Industry Braces for Substantial Premium Hikes Due to 737 MAX Grounding
The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding ...
This Time, Bermuda Avoids Major Damage From a Hurricane
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping ...
Tesla Model 3 Scores Top Safety Rating
Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. The IIHS has given the Model 3 its ...
Fire and Hail Forcing Insurers to Rethink Climate Change Risks
By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burnt both his tractor and the shipping container where he kept some tools. ...
Execs Tasked With Cyber Risk Management Spend Little Time on Task: Marsh
A majority of busy board members and senior executives who are responsible for their organization's cyber risk management spent less than a day in the last year focusing on cyber risk issues, ...