Risk
Insurers Accused by Olympics, USPOC of Holding up Nassar Sexual Abuse Settlement Talks
The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with ...
Louisiana Inflicted With Heavy Hurricane Damage, Again
Coastal Louisianans on Saturday surveyed the damage left by the wind and water that Hurricane Delta raked across their already storm-battered homes even as it weakened quickly after coming ashore and ...
Arch Capital to Deepen Investment in Watford With $622M Acquisition
Arch Capital Group Ltd. said it would pay $622 million in cash for Watford Holdings, a Bermuda-based property/casualty insurer and reinsurer it already has a stake in and helped launch in 2014. ...
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 ...
London Company Market Premium Jumped 10 Percent in 2019
Premium income for the London company market grew by 10 percent last year with £21.4 billion ($27.7 billion) of large commercial and wholesale risks underwritten by firms in the City. A new report ...
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 ...
Forecast Suggests La Niña Through Winter Is Highly Probable
A U.S. government weather forecaster on Thursday said there is an 85% chance of La Niña conditions continuing through the upcoming Northern Hemisphere winter. The chance of the weather pattern ...