Industry News
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates
Economic losses for the Feb. 6, 2023, earthquakes in Turkey will likely exceed $20 billion, while insured losses will likely be more than $1 billion, according to Extreme Event Solutions at Verisk ...
Tech Bytes: New Partnerships at Verisk, The Digital Insurer, NEXT
Verisk, a global data analytics provider, is expanding its claims ecosystem by teaming up with Tractable, an applied artificial intelligence company. By integrating with Tractable, which uses ...
AIG Moving Private Client Group High Net Worth Biz to Independent MGA
Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of ...
Liberty Mutual Launches Global Cyber Office
Liberty Mutual Insurance announced the formation of a Global Risk Solutions (GRS) Global Cyber Office and the appointment of a leadership team consisting of industry experts. The office aims to build ...
Cinematographer’s Ukrainian Relatives Sue Baldwin Over New Mexico Set Shooting
The Ukraine-based relatives of a slain cinematographer are seeking damages in her death from actor Alec Baldwin in connection with a fatal shooting on the set of a Western movie, under a civil ...
Former AXIS Capital Chairman Butt, an Industry Trailblazer, Has Died
Albert A. Benchimol, president and CEO of AXIS Capital, has issued a letter of remembrance to colleagues about Michael A. Butt, the company's former chairman and industry leader, who died on Feb. ...
The Infrastructure Crisis: As Business Losses Mount, New Demand for Utility Coverage?
When aging water pumps in Jackson, Miss., were shut down by floodwaters last August, knocking out water service to most of the city, companies that depend on clean water saw many of their customers ...
Facebook Hit With $1 Million Fine Tied to User-Privacy Lawsuit
]]Facebook and its outside law firm were ordered to pay almost $1 million in sanctions for deceitfully denying that it shared users' private information with third parties without permission. The ...