Risk
Insurers, Analysts Worry Australia’s Bushfires Could Surpass 2009’s Costly Season
Australia's bushfire season has months to run and could easily surpass the most costly fire season, 2009's Black Saturday fires in Victoria, which had a price tag of an estimated A$4.4 billion (US$3 ...
Dismissal of Lawsuits Over Missing Malaysia Air Flight Upheld on Appeal
A U.S. appeals court on Friday upheld a lower court decision to dismiss nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims' families sought to hold the ...
Trump Approves Emergency Declaration for Puerto Rico After Quake
President Donald Trump approved an emergency declaration for Puerto Rico on Tuesday, according to a person familiar with the matter, after a deadly earthquake struck the commonwealth that was already ...
Beazley and RenaissanceRe Debut Cyber Catastrophe Cover Backed by Capital Markets
Specialist insurer Beazley and reinsurer RenaissanceRe have jointly launched a product that provides Beazley with additional catastrophe cover for cyber events. The majority of the security behind ...
Big Tech Is Helping Transform Cars Into Smartphones
Technology companies transformed smartphones and televisions into continuous fountains of revenue. Now, big tech wants to work with automakers to do the same thing for your car. With the widespread ...
InsurTech MGA Corvus Raises $32M, With Plans to Counter Complex Cyber Risks
Corvus Insurance disclosed it has attracted $32 million in new financing that will fuel further growth, in part by countering complex cyber risks. The InsurTech-focused managing general agent based ...
Iran Crash of Boeing-Made Ukraine Jet Leaves Safety Mystery Worsened by Tensions
As investigators sift through the charred wreckage of a jetliner that crashed shortly after takeoff from Tehran, contradictory reports have emerged about what might have caused the Boeing Co. 737-800 ...
Global Natural Catastrophe Insured Losses Reached $52B in 2019: Munich Re
Natural catastrophes caused overall losses of $150 billion during 2019, including insured losses of about $52 billion, which matches the average of the past 30 years, according to Munich Re's ...