Claims / Legal
Typhoon Mangkhut Wreaks Havoc in the Philippines, Hong Kong, Mainland China
The cleanup from Typhoon Mangkhut began in Hong Kong and southern China on Monday after the storm left at least four dead in Guangdong province, damaged buildings and disrupted flights throughout the ...
Direct Distribution, Car Technology Advances Transforming Personal Auto Insurance
Technological advances in personal auto insurance distribution and vehicle safety are helping to drive significant transformation of the sector over the coming months and years, Conning said in a new ...
An Early Insured Property Loss Estimate From Hurricane Florence: $3B-$5B
Insured residential and commercial property losses relating to Hurricane Florence are expected to reach $3 billion to $5 billion, according to early estimates from CoreLogic. The number includes wind ...
Germany’s Manufacturers Sustain Nearly $50B in Cyber Attack Costs: Study
Two thirds of Germany's manufacturers have been hit by cyber-crime attacks, costing industry in Europe's largest economy some 43 billion euros ($50 billion), according to a survey published by ...
U.S. Agency Moves to Loosen Liability Standards for Contractors’ Labor Practices
U.S. agency that enforces federal labor laws took the first steps on Thursday towards loosening an Obama-era standard that made it easier to hold companies liable for illegal labor practices by their ...
The Latest Launches From AIG/Validus and At-Bay
AIG's Validus Specialty launched a new division focused on crisis management. At-Bay said it launched its 2019 cyber insurance policy form throughout the United States. *** AIG's Validus Specialty ...
As Hurricane Florence Approaches, Cat Bond Traders Are Trying to Understand Storm’s Risk
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they're in store for painful losses. If the storm's path of destruction -- which is aimed at ...
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...