U.S.
Wildfire Victims in California Utility Bankruptcy Envision $24B Reorganization Plan
The committee for wildfire victims in the bankruptcy of PG&E Corp said in a court filing on Thursday it was prepared to present a $24 billion reorganization plan for the power provider. The ...
Aviation Industry Braces for Substantial Premium Hikes Due to 737 MAX Grounding
The aviation industry is bracing for double-digit insurance premium hikes for the first time in about 15 years, as insurers wrestle with higher costs from aircraft groundings, including the grounding ...
Lloyd’s Plans Miami Office to Back Growth in Latin America, Caribbean Markets
Lloyd's plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. "Latin America is a key market for Lloyd's, with premium close to US$1.5 ...
Tesla Model 3 Scores Top Safety Rating
Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. The IIHS has given the Model 3 its ...
Fire and Hail Forcing Insurers to Rethink Climate Change Risks
By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burnt both his tractor and the shipping container where he kept some tools. ...
Executives On The Move at Octo Group, BHSI, QBE North America and Alliant
Telematics firm Octo Group appointed a new CEO. Berkshire Hathaway Specialty Insurance expanded its leadership team in France. QBE North America named a new head of Surety. Alliant hired a new ...
Generali Rolls Out Specialty Insurance Arm in U.S.
The U.S. branch of Italy's Generali Group has launched a Specialty Insurance Division, which will focus on providing warranty products and services. Generali U.S. Branch said the division will ...
Selective Establishes Student Loan Repayment Program for Staff and Potential Hires
Selective Insurance Company has started offering a student loan repayment program to both employees and potential hires. The program is being handled through Selective Insurance Company of America, ...