International
The Latest Launches From Aon and Liberty Mutual
Aon developed a new cyber risk policy, designed, in part, to address "Internet of Things" risks. Liberty Mutual has two new excess casualty coverage products. *** Aon Risk Solutions says it has ...
Typhoon Meranti China Insured Losses Estimate Surpasses $1B: AIR Worldwide
Mainland China could be dealing with more than $1 billion in insured losses from damaged caused by Typhoon Meranti once final tallies are in, AIR Worldwide said. The catastrophe modeling firm ...
Former AIG Chairman Greenberg Scolded by Judge for Avoiding Direct Answers
A New York state court judge warned Maurice "Hank" Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions ...
RBS Will Pay $1.1B to Settle Some of Its U.S. Toxic Mortgage Claims
Royal Bank of Scotland Group Plc will pay $1.1 billion to resolve claims that it sold toxic mortgage-backed securities to credit unions that later failed, the U.S. National Credit Union ...
Insurers Optimistic About Latest Round of Covered Agreement Talks
Insurers say they are encouraged by the most recent developments in the covered insurance/reinsurance agreement negotiations between the United States and European Commission. Following the latest ...
Takata, Automakers Explore Ways to Both Share and Limit Air Bag Liability
Takata Corp. and some of the world's biggest carmakers face an extensive -- and expensive -- to-do list as they try to resolve the worst safety crisis in the auto industry's history. Executives for ...
Taiwan Hammered by Third Typhoon in Two Weeks
Typhoon Megi lashed Taiwan with wind and rain on Tuesday, bringing 20-foot-high waves and knocking pedestrians off their feet in Taipei. More than 280,000 households lost electricity, state-owned ...
Cyber Crime Worries Rise Among Small, Medium-Sized Businesses: Zurich
While the number remains low, there's been a robust rate of increase in the number of small and medium-sized businesses tuned in to the cyber attack risks they face, Zurich Insurance Group said in a ...