Markets
Beazley Unveils Digital Insurance Weather Policy That Relies on ‘Plain English’
Specialist insurer Beazley launched a digital insurance policy in the U.S. that can be customized and describes in plain English precisely what coverage the customer has bought. Beazley Weather Guard ...
U.S. Energy Industry’s Cyber Security Measures Are Woefully Lacking
How much is cyber security worth to the U.S. energy industry? Not a whole lot apparently. Two prominent security consultant firms estimate that energy companies, ranging from drillers to pipeline ...
Google Privacy Settlement, ‘Direct Compensation’ in Class-Action Suits to Get SCOTUS Scrutiny
The U.S. Supreme Court will use a privacy case involving Google to consider making it harder for companies to settle class-action lawsuits without providing direct compensation to those affected. The ...
With $3.6B in Global Cat Bond Issuance for Q1, Another Record Is Broken
Global catastrophe bond issuance broke a first-quarter record, come in at nearly $3.6 billion for Q1 2018 as the market expanded into new areas, Aon Securities said in its latest report. The $3.58 ...
The Latest Launches From Allianz and Liberty Mutual
Allianz Global Corporate & Specialty plans to start offering drone-safety products to insureds to help them manage drone-related risks, by way of a partnership with an Israeli company. Liberty ...
Tesla Autopilot Chief Departs After Two Years on the Job
Tesla Inc.'s Autopilot chief Jim Keller has left the company, the latest in a rash of executive departures at the electric-car maker led by Chief Executive Officer Elon Musk. Keller, who joined the ...
Passenger Claims Mental Injuries In Southwest Airlines Fatal Engine Explosion Lawsuit
A lawsuit against Southwest Airlines Co has been filed by a passenger who was flying on last week's flight 1380, in which an engine exploded and one person was killed. The lawsuit claims that since ...
A ‘Cliff-Edge’ Brexit Will Lead to UK/EU Banking Regulatory Team Up
The Bank of England and European Central Bank will create a task force to keep markets orderly in the event of a "cliff edge" Brexit next March. The European Commission and Britain's finance ministry ...