Underwriting
Microsoft Insurer Fails to Recoup $175M from Xbox Chipmaker Hit by Fire
Microsoft Corp.'s captive insurer has lost its bid to recover $175 million in costs the software maker said it incurred in 2013 to replace memory chips that a manufacturer failed to deliver because ...
Climate Change Activists Are Suing Shell Over Fossil Fuel Usage
Environmentalist and human rights groups said on Friday they had started a lawsuit against Royal Dutch Shell in the Netherlands to force the energy firm to cut its reliance on fossil fuels. The ...
Travelers Claims Progress Reducing Opioid Use Among Injured Construction Workers
The Travelers Companies, Inc. claims it has had some success reducing the use of opioids among insured construction workers it covers. The property/casualty insurer said there has been close to a 40 ...
Insurance Claims in U.S. Renewable Energy Market Are on the Rise
The frequency and severity of insurance claims in the U.S. renewable energy market have significantly increased over the last five years, meaning insurers and asset owners must reset their benchmark ...
Bayer Claims It Contained Cyber Attack Hatched in China
German drugmaker Bayer has contained a cyber attack it believes was hatched in China, the company said, highlighting the risk of data theft and disruption faced by big business. Bayer found the ...
The 2019 Atlantic Hurricane Season Could Bring 13 Named Storms
There's a lot of reasons people think 13 is an unlucky number. This year may add another. At least 13 storm systems should reach tropical strength and get a name in 2019, with five becoming ...
Russia Banks, Money Transfer Firms Sued Over Downed Malaysian Airlines Plane
The family of an American killed when a Malaysian Airlines plane was shot down over Ukraine in 2014 filed a lawsuit on Thursday against U.S.-based money transfer companies and two Russian banks they ...
New Slice Labs Unit Relies on AI, Machine Learning to Help Clients Fine-Tune Their Operations
Slice Labs Inc., known for its on-demand insurance cloud platform, recently launched a new business unit. The division, named Slice Mind, centers around an "insight engine that helps companies with ...