News
UK Urged to Reassess Building Design in Age of Global Warming
Britain must reassess the way it designs buildings to cope with a warming climate, stepping away from huge expanses of glass and beyond air conditioning that consumes too much energy, a panel ...
Takata, Felled by Massive Air Bag Recalls, Gets China Backing After Bankruptcy Filing
Japan's Takata Corp , at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired ...
Business Interruptions Galore: Global Ransomware Attack Hobbles FedEx, Others
The global cyberattack that has been wending its way across continents since Tuesday started creating real consequences at some businesses even as the virus's spread seemed to be abating. FedEx Corp. ...
Executives On The Move at CNA, AXIS and Arch
CNA appointed a new VP to lead its technology segment. AXIS Insurance hired an industry veteran to lead its primary casualty business in the Northeast and Midwest. Arch Insurance expanded its travel ...
Autonomous Vehicles Could Shrink Auto Insurance Sector by 71% Through 2050: KPMG
While many insurance experts believe that autonomous vehicle technology could drastically shrink the auto insurance sector, new KPMG research assigns a precise estimate to the drop. The number is ...
AIR Worldwide Issues Crop Hail Model for Canada, Product Update for China
Catastrophe risk modeling firm AIR Worldwide released a Crop Hail Model for Canada to provide crop insurers with a probabilistic view of crop hail risk in Canada. Based on 10,000 simulations of ...
AIG Ex-CEO Hancock to Get $9.58M in 2016 Compensation
American International Group Inc shareholders on Wednesday approved the company's 2016 compensation for executives, including the insurance giant's former chief executive, Peter Hancock. Shareholders ...
WannaCry-Like Cyber Attack Keeps Wreaking Corporate Havoc on Second Day
A cyberattack similar to WannaCry entered its second day, hitting businesses, port operators and government systems around the world, with companies struggling to retake control of their networks. ...