International
European Insurers Are Having a Tough Time
European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings as well as some companies' exposure to Asia are making ...
New Broker McGill & Partners Forms U.S. Subsidiary
The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate, the company's founder Steve McGill has confirmed. When ...
Carriers Experienced Costliest Two-Year Period Ever for Cat Losses: Aon
Global insured losses stemming from major wildfires, tropical cyclones and severe thunderstorms reached $90 billion in 2018, close to 50 percent higher than the annual average between 2000 and 2017, ...
Sackler Family Reportedly Backs $11.5B Purdue Pharma Opioid Settlement
The Sackler family and their embattled drugmaker, Purdue Pharma LP, are backing a proposal to resolve all opioid lawsuits against themselves and the drugmaker for more than $11 billion in what would ...
Japan Pledges Enhanced Trade Insurance to Boost Private Sector Africa Investment
Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the ...
The Latest Launches From Root Insurance and Zurich North America
Root Insurance is testing a partner's video security and safety system tech as a way to streamline insurance claims. Zurich North America and Wright National Flood Insurance Services, LLC are ...
Ex-Alphabet Engineer Charged With Stealing Google Self-Driving Car Secrets
The U.S. Department of Justice on Tuesday filed criminal charges against Anthony Levandowski, accusing the former high-ranking Alphabet Inc engineer of stealing the company's self-driving car ...
U.S. Cyber Agency: Reducing Chinese Tech Risks Is a Top Priority
A newly created U.S. cybersecurity agency said Thursday that China represents the greatest strategic risk to the U.S., and as a result, the agency's top operational priority is reducing the risks ...