Specialty
About to Take Off? Legal Fights Emerge Over Toxic Fumes on Flights
When passengers step onto an airplane, they're accustomed to turbulence, seat kicking and lengthy tarmac delays. Those are the predictable annoyances of air travel. But a far more serious risk to the ...
Convex’s Chairman Catlin Steps Down, Succeeded by Onex CEO Le Blanc
Convex Group Ltd., the international specialty insurer and reinsurer, announced that Stephen Catlin, the company's co-founder, has decided to step down as chairman of the board. He will remain a ...
New Jersey Public Schools May Be Held Vicariously Liable for Sexual Abuse
A New Jersey public school district may be held vicariously liable for sexual abuse by a teacher even if the abuse took place outside of the scope of the teacher's employment and off school property. ...
Iran War Potentially Raises Exposures for Terrorism, Political Violence Underwriters
The Iran war is likely to raise uncertainty in the global terrorism and political violence insurance markets, particularly in the United States and Europe, according to credit ratings agency ...
U.S. to Reinsure Maritime Losses in Gulf Up to $20B
The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development ...
Iranian Strikes on Amazon Data Centers Highlight Vulnerability to Physical Disasters
Damage to three Amazon Web Services facilities in the Middle East from Iranian drone strikes highlights the rapid growth of data centers in the region, as well as the industry's vulnerability to ...
War Insurance Available for Ships Crossing Hormuz, LMA Says
Insurance offers are being made for vessels seeking to transit the Strait of Hormuz, the Lloyd's Market Association said, a sign that it is safety risks and not cover that are the main impediment ...
Trump’s Hormuz Assurances Are Only a Partial Fix, Shippers Say
President Donald Trump says the U.S. will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — ...