Reinsurance
Japan Typhoon Death Toll Hits 43; 110,000 Rescuers Sent In
Japan is sending more than 110,000 people including its Self-Defense Forces to tackle rescue and cleanup operations in the wake of the most powerful typhoon to hit the country in decades, which left ...
The Aftershocks of the Guy Carpenter-JLT Re Alignment
Now that the dust has settled following the historic merger of giant broker Marsh and Jardine Lloyd Thompson, the transaction's impact on the two firms' reinsurance broking units, Guy Carpenter and ...
PartnerRe Getting New CFO, First-Ever Chief Operations Officer
Some executive leadership changes are coming to global reinsurer PartnerRe. Executive Vice President and Chief Financial Officer Mario Bonaccorso plans to retire on March 31, 2020 to pursue a new ...
Hyundai, Kia Set Aside $758M to Resolve Class Action Suits Over Engine Fires
Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the United States and South ...
Climate Change Fallout: FEMA May Have to Buy Millions of Flood-Prone Homes
As the climate crisis worsens, more Americans will be forced from their homes. Many won't be able to afford it, and the U.S. isn't prepared for a massive, government-subsidized migration away from ...
Travelers Joins Two Groups Focused on Advancing Automated Vehicle, Driver Assistance Tech
The Travelers Companies, Inc. said it has joined two groups focused on advancing research and public information about automated vehicle and driver assistance technologies. They are the Advanced ...
London Company Market Premiums Surpass 8 Percent Growth in 2018
Gross written premiums written by the London company market have increased by 8.1 percent to $34.7 billion in 2018, according to a report published by the International Underwriting Association ...
California Forced Blackout Spreads; Economic Impact Could Reach $2.6B
The unprecedented power shutdown by California's PG&E Corp. has spread deeper into cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major ...