U.S.
Victims of Las Vegas Mass Shooting Win $800M Settlement
A court last week approved a settlement totaling $800 million from casino company MGM Resorts International and its insurers to more than 4,400 relatives and victims of the Las Vegas Strip shooting ...
Delta Gears Up as Year’s 25th Named Storm
Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to move into the Gulf of Mexico and threaten the Gulf ...
Former AXA XL Exec Will Lead QBE’s International Arm
A former AXA XL executive joined QBE Insurance in a major leadership role. Jason Harris will have the title of chief executive officer, International Division, which includes European Operations. He ...
Pandemics Now Trump Climate Change as Top Insurance Industry Worry
Pandemics became the top concern for insurance professionals this year as the COVID-19 crisis roils the industry worldwide. Infectious diseases and pandemics were ranked as the most significant risks ...
Insurers Win Bid to Prevent Consolidation of COVID-Related Business Interruption Lawsuits
A panel of federal judges has decided against consolidation of hundreds of lawsuits seeking coverage for coronavirus-related business interruption claims against major national insurers Travelers, ...
An InsurTech CEO’s Take on Ransomware Attacks
It almost goes without saying at this point: Ransomware attacks are on the rise. Ransomware attacks grew by nearly 50 percent in the 2020 second quarter along compared to the first three months of ...
Everest Insurance Appoints Three New Underwriting Execs
Everest Insurance made three new executive appointments in its underwriting leadership. Mike Harnett has been named chief underwriting officer for North America; Erik Nikodem has been appointed ...
COVID-Sniffing Robots Under Development, With Eye on Super-Fast Detection
A biotechnology startup called Koniku is trying to develop robots that could sniff out Covid-19 infections faster than conventional testing. The technology fuses neurons with a silicon chip to create ...