International
PCS Extends Catastrophe Methodology to More Asia/Pacific Countries
Property Claims Services (PCS), a Verisk subsidiary, has extended the catastrophe loss aggregation methodology, previously developed for use in Japan, to cover more territories in the region. ...
A Bayer Roundup Settlement Will Take Some Time: Lawyer
Even after three big losses in court trials and a plunge in market value, Bayer AG isn't close to settling tens of thousands of U.S. lawsuits claiming its Roundup weedkiller causes cancer, according ...
The Latest Launches From Travelers, Trov and Willis Towers Watson
Travelers is partnering with a technology company to simplify its new business and policy renewal processes by using artificial intelligence. The InsurTech Trov is launching a new product on its ...
Chubb CEO Greenberg: Insurer Has Reshaped Portfolio in Response to California Wildfires
Some insurers may be facing sizable risks stemming from the latest round of California wildfires now raging, but Chubb Chairman and CEO Evan Greenberg insists his company isn't one of them. "We do ...
J&J’s Own Expert, While With FDA, Found Asbestos in Baby Powder
Ever since Johnson & Johnson disclosed this month that a government test had turned up asbestos in its Baby Powder, the company has attacked the validity of the result. On Tuesday, for example, ...
Facebook Pays Tiny UK Fine Over Cambridge Analytica Scandal
Facebook has agreed to pay a 500,000 pound ($644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain's information rights ...
$110B: The Potential Cost of a Cyber Attack on Asia’s Ports
A cyber attack on Asian ports could cost as much as $110 billion, or half the total global loss from natural catastrophes in 2018, a Lloyd's of London-backed report said on Wednesday. Cyber insurance ...
Chubb Soars Even as Q3 Net Income Takes a Hit
Chubb is reporting a banner 2019 third quarter, but the company took a dent in its net income largely from losses relating to an accounting adjustment. Net income for the insurer reached $1 billion, ...