News
Ex-Wells Fargo Official to Join AIG in Security Leadership Role; Three Nominated to Board
American International Group, Inc. hired a former Wells Fargo & Company executive and government security official in a leadership role, and separately nominated three new board members. Rich ...
Ethiopian Airlines Crash Could Become Largest Non-War Aviation Reinsurance Claim on Record: Willis Re
Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers' ...
Extreme Weather Makes Weather Trackers Valuable to Insurers, Banks, Commodity Traders
Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts. The senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an ...
Two Arch Capital Subsidiaries Finalize Post-Brexit Plans
Some subsidiaries of Arch Capital Group have finalized some changes to the European operations as part of the company's broader Brexit plans. Arch Insurance EU (formerly Arch Mortgage Insurance), won ...
Germany’s Merkel Dives Into Brexit Process to Help Shield EU From UK Turmoil
Angela Merkel will this week stage her most significant intervention in the Brexit process in more than two years, as the European Union moves to shield itself from the fallout of political chaos in ...
Crop Insurance Planting Deadlines Stressed by Massive U.S. Farmland Flooding: Reuters
At least 1 million acres (405,000 hectares) of U.S. farmland were flooded after the "bomb cyclone" storm left wide swaths of nine major grain producing states under water this month, satellite data ...
InsurTech Startup Sees Room for Chatbots for Workers Comp Claims
For years, automobile insurers have used automatic dialogue devices, called chatbots, to field calls from policyholders when they report claims. Last year, personal insurance startup Lemonade took ...
Family Sues Boeing in U.S. Over Ethiopian Airlines Crash
A lawsuit against Boeing Co was filed in U.S. federal court on Thursday in what appeared to be the first suit over a March 10 Ethiopian Airlines 737 MAX crash that killed 157 people. The lawsuit was ...