Markets
COVID-19 Claims of $44B Is Third-Largest Catastrophe Loss: Howden
Insured losses of $44 billion from COVID-19 so far represent the third-largest cost to insurers of any catastrophe, behind only Hurricane Katrina and the 9/11 attacks, insurance broker Howden said on ...
Opportunistic Crime: Catalytic Converters Thefts Still Soaring
In the tiny town of Lawrenceville, Va., a van owned by Poplar Mount Baptist Church was knocked out of commission for weeks after thieves cut the catalytic converter out of its exhaust system. Several ...
Corvus Insurance Acquiring Lloyd’s Cyber Specialist Tarian Underwriting
InsurTech Corvus Insurance announced today that it has acquired Tarian Underwriting Limited from Beat Capital Partners Ltd. for an undisclosed amount. Formed in 2016, Tarian is a specialist ...
Businesses Can Expect to Spend $13.5B on Repairs Due to Flooding in 2022
A new report estimates that U.S. businesses could spend about $13.5 billion in 2022 to repair or replace flood-damaged commercial buildings. The same report finds that businesses could lose more than ...
Property Re Rates Up Nearly 11 Percent in Delayed 1/1 Renewals
In a brief report on Jan. 1 renewals published Monday, Guy Carpenter said that its global property catastrophe rate-on-line index rose 10.8 percent. Improvements on underlying business helped ...
Lloyd’s Asia Launches Renewable Energy Consortium
Lloyd's launched a renewable energy consortium in response to the growing needs of the Asia-Pacific region and supporting countries, as they transition to greener energy, Lloyd's announced late last ...
Look Ma, No Hands: Semi Logs 80-Mile Public Road Trip Without Human
A semitruck completed an 80-mile route in Arizona with no human on board and no human intervention during the trip using technology developed by TuSimple, the company said Wednesday. The San Diego ...
Tesla Recalls Close to 500,000 Cars Over Crash Risks
Tesla Inc is recalling more than 475,000 of its Model 3 and Model S electric cars to address rearview camera and trunk issues that increase the risk of crashing, the U.S. road safety regulator said. ...