Global Economy
PCS Extends Catastrophe Methodology to More Asia/Pacific Countries
Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan, to cover more territories in the region. ...
A Bayer Roundup Settlement Will Take Some Time: Lawyer
Even after three big losses in court trials and a plunge in market value, Bayer AG isn't close to settling tens of thousands of U.S. lawsuits claiming its Roundup weedkiller causes cancer, according ...
The Latest Launches From Travelers, Trov and Willis Towers Watson
Travelers is partnering with a technology company to simplify its new business and policy renewal processes by using artificial intelligence. The InsurTech Trov is launching a new product on its ...
Chubb CEO Greenberg: Insurer Has Reshaped Portfolio in Response to California Wildfires
Some insurers may be facing sizable risks stemming from the latest round of California wildfires now raging, but Chubb Chairman and CEO Evan Greenberg insists his company isn't one of them. "We do ...
Facebook Pays Tiny UK Fine Over Cambridge Analytica Scandal
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain's information rights ...
Microsoft: Russia-Linked Hackers Are Targeting Sports Organizations
Microsoft Corp said it has tracked "significant" cyber attacks coming from a group it calls "Strontium" or "Fancy Bear," targeting anti-doping authorities and global sporting organizations. The ...
Executives On The Move at Beazley, Ascot and Chisel AI
Beazley hired two new executives charged with beefing up its U.S. commercial insurance operations, and a third focused on medical professional liability risks. Ascot appointed two individuals who ...
Aon Moves Incorporation From Britain to Ireland Due to Brexit
Insurance broker Aon plans to move its parent company's jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its ...