Risk
Typhoon Hagibis To Cost Insurers at Least $8B; $16B Possible: AIR Worldwide
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Hagibis, which made landfall in Japan on October 12, will be between $8 billion (JPY 865 billion) and ...
Nationwide Invests in Cybersecurity InsurTech Focused on Connected Vehicles
Nationwide said it has invested in Upstream Security, an InsurTech focused on providing cybersecurity for connected vehicles. Upstream's cash infusion will it enable OEM car manufacturers and fleets ...
Climate Change Strengthening El Niños: Study
Climate change is making stronger El Niños, which change weather worldwide and heat up an already warming planet, a new study finds. Scientists examined 33 El Niños—natural warming of equatorial ...
Loma Prieta EQ Would Cost Insurers $4B Today
The Loma Prieta Earthquake cost insurers less than a billion dollars when it shook Central California on Oct. 17, 1989. Thirty years later, a recurrence would generate $4 billion in insured losses, ...
Lawmakers Push for Removal of Tech Liability Shield
A bipartisan group of lawmakers is stepping up efforts to have U.S. trade officials eliminate a legal liability shield that tech companies are pushing to keep in new agreements, including a deal to ...
J&J Will Recall 33,000 Bottles of Baby Powder After FDA Finds Asbestos Traces
Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after the U.S. health regulators found trace amounts of asbestos in samples taken from a ...
James River Insurance Retains Rating After Dropping Its Largest Customer, Uber
Ratings agency A.M. Best said its ratings of James River Insurance remain unchanged after the insurer said it would be cancelling its business with ride-hailing giant Uber affiliate, Rasier, its ...
Brexit Business Opportunity: More Deals in Legacy General Insurance Policies
Britain's impending departure from the European Union is creating expansion opportunities for specialist general insurers who buy up and manage policies closed to new customers. Whether Britain ...