U.S.
Bermuda Gains Reciprocal Status With U.S. Starting Jan. 1, 2020
Bermuda's insurance market gains reciprocal status with the U.S. as of Jan. 1, 2020, something that industry and business groups there are celebrating as they countdown to the new year. Reciprocal ...
Liberty Mutual Pledges Drastic Reduction in Coal Investments, Appoints Chief Sustainability Officer
Liberty Mutual Insurance will drastically limit future underwriting for and investment in coal risks, an apparent response to environmentalists pushing for greener investment strategies among ...
North Korean Hackers, Eastern European Cyber Criminals Reportedly Teaming Up
North Korean state-backed hackers appear to be cooperating with Eastern European cybercriminals, a report said on Wednesday, a finding that suggests digital gangsters and state-backed spies are ...
Royal Caribbean Liability for Volcano Deaths Could Hing on ‘Act of God’ Defense
Royal Caribbean Cruises Ltd's potential liability for a deadly excursion to a volcanic island in New Zealand could hinge on whether the eruption was an unforeseeable "act of God," according to ...
5 Argo Group Directors Will Retire; Early Annual Meeting Planned
Five Argo Group directors plan to retire as of the beleaguered company's 2020 annual meeting, the company disclosed on Dec. 11. Argo, a Bermuda-based specialty insurer and reinsurer, said that the ...
Tesla Rear-Ends Parked Cop Car While Operating on Autopilot
Another Tesla Inc. vehicle operating on the carmaker's driver-assistance system branded as Autopilot has crashed into a parked emergency vehicle, eliciting fresh warnings about the shortcomings of ...
Judge Rules Exxon Mobil Did Not Defraud Investors by Hiding Climate Change Costs
Exxon Mobil Corp won a major victory in a closely-watched lawsuit on Tuesday when a judge ruled that the company did not defraud investors out of up to $1.6 billion by hiding the true cost of climate ...
Neptune Flood’s Growth Plans Leave Chairman, CEO Swapping Titles
Neptune Flood's two top leaders are switching their positions, a move designed to help prepare the InsurTech startup for its next phase of growth. Founder and CEO Jim Albert will become chairman, and ...