News
Greenlight Re Names TransRe’s Richardson as CEO to Succeed Burton
Greenlight Capital Re Ltd., the Cayman Islands-based multiline property/casualty insurer and reinsurer, announced that Simon Burton, the company's chief executive officer, intends to step down ...
Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M
James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its casualty reinsurance business, to Fleming Intermediate Holdings. The total ...
Scientists Say 2023 Set to Be Warmest in 125,000 Years
This year is set to be the world's warmest in 125,000 years, European Union scientists said on Wednesday, after data showed last month was the hottest October on record by a massive margin. Last ...
Total Loss Rate for EVs Lower Than Gas-Powered Vehicles: Mitchell
A new report debunks the common misconception that electric vehicles (EVs) are declared total losses more often than their internal combustion engine (ICE) counterparts, according to Mitchell, an ...
Some Homes Being Built to Withstand Hurricanes Also Cut Emissions
When Hurricane Michael hit the Florida Panhandle five years ago, it left boats, cars and trucks piled up to the windows of Bonny Paulson's home in the tiny coastal community of Mexico Beach, Fla., ...
Ransomware, Extortion Claims See ‘Worrying Resurgence,’ Says Allianz
Following two years of high but stable loss activity, 2023 has seen a "worrying resurgence" in ransomware and extortion claims as the cyber threat landscape continues to evolve, Allianz Commercial ...
Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade
Lloyd's of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance market had ...
Oklahoma Tops List of 10 States Most Prone to Disaster
A new series, "The Damage Report," highlights states other than California, Florida and Texas, which suffer from a higher volume and wider variety of disasters, as multi-peril disaster insurance ...