International
Caribbean Island Nations Pool Disaster Risk to Pay for Megastorms
Some of the first financial relief the Bahamas receives in the aftermath of Hurricane Dorian may be a rapid insurance payout from a novel program just 12 years old. CCRIF, once short for the ...
W.R. Berkley Joins $10M Financing for Tremor, a Reinsurance ‘Smart’ Market Platform
W.R. Berkley Corp. is among the investors behind a new $10 million financing round for Tremor, a startup developing a reinsurance "smart" market platform. The Boston-based startup said that several ...
Big Drug Companies, Pharmacies, Distributors Ordered by Judge to Face Opioid Trial
A U.S. judge on Tuesday rejected efforts by major drugmakers, pharmacies and distributors to dismiss claims that they caused the nation's opioid crisis, clearing the way for a scheduled landmark ...
UK’s Prep for No-Deal Brexit Could Help Limit Economic Damage: BOE
The U.K.'s preparations for a no-deal Brexit may help to limit the damage to the economy, though the fallout will still be considerable, according to the Bank of England. Updating its assumptions, ...
Executives On The Move at Aspen Insurance Holdings, TigerRisk and Guidewire
Aspen Insurance Holdings Ltd. named a new president. TigerRisk Partners hired a CEO for its London office. Guidewire Software, Inc. has a new leader, hired away from a product development role at ...
Zurich Pledges to Protect Consumer Data With Robust New Policy
Zurich Insurance Group is pledging to protect consumers' data through a new policy it claims will well exceed legal requirements. The carrier's goal with the effort is to boost transparency and ...
Airport Screeners Can Be Sued Over Abusive Conduct: U.S. Appeals Court Ruling
A federal appeals court on Friday handed a victory to travelers who object to invasive screenings at U.S. airport security checkpoints, saying screeners are not absolutely immune from lawsuits ...
Hurricanes, Wildfires and More Will Drive January Reinsurance Renewal Rates Higher
Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling ...