Markets
Unsafe Charters Allowed to Handle U.S. Commercial Flight Operations: Watchdog Probe Allegation
Government aviation inspectors allowed unsafe aircraft to operate in U.S. commercial flight operations, a whistle-blower investigation has concluded. The Federal Aviation Administration's own review ...
Oil Companies Seek Dismissal of Suit Holding Them Liable for Global Warming Damages
Lawyers for major oil companies on Wednesday urged a federal judge to throw out a lawsuit filed by New York City seeking to hold them financially liable for damages caused by global warming. Theodore ...
Convergence of Tech and Insurance Will Transform Rather Than Disrupt Industry: Munich Re’s Hochburger
The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change ...
Executives On The Move at Farmers Insurance and Liberty Mutual
Farmers Insurance promoted from within to appoint its new chief claims officer. A Liberty Mutual executive was promoted to lead a National Insurance Specialty Unit that provides coverage for large ...
After a Sluggish Decade, Engineering Insurance May See New Growth: Swiss Re
Engineering insurance is one casualty of the 2008 financial crisis that continues to have a sluggish recovery, according to Swiss Re's latest sigma report. Swiss Re said that stagnant premiums for ...
The Latest Launches From Corvus Insurance and XL Catlin
Corvus Insurance debuted a new "smart" policy designed to provide broad cyber coverage as well as predict and prevent cyber insurance risks through ongoing IT security scanning and scoring. XL Catlin ...
Threat of Crippling Cyber Attacks Puts UK Banks on War Footing
The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. "I would like our firms to be on a WAR footing: withstand; absorb; recover," Lyndon Nelson, ...
Liability Twist: Massachusetts Sues Purdue Execs, Directors Over Opioid Crisis
Massachusetts on Tuesday filed a lawsuit against Purdue Pharma LP, accusing the OxyContin maker of illegally promoting the use of opioids, and became the first state to sue the drugmaker's executives ...