U.S.
RMS: $77B of San Francisco Property at Risk From Sea-Level Rise by 2100
By the year 2100, up to $77 billion of property in San Francisco will be at risk from sea-level rise, according to an analysis from global catastrophe risk management firm RMS. The analysis found ...
Egan Cuts Ties with Reinsurance Venture Partner Oaktree Capital
Bill Egan, the former Bank of America Corp. banker who was working with Oaktree Capital Group LLC to start a reinsurance venture, has cut ties with the asset manager, according to people familiar ...
Aspen Designates New Insurance, Reinsurance CEOs as Vitale Discloses Retirement
Bermuda-based Aspen Insurance Holdings Ltd. is naming new leaders for its insurance and reinsurance segments after one executive retired and the other got a promotion. The executive changes come as ...
30% of Businesses Lack Cyber Insurance: HSB Survey
Half of U.S. businesses have either purchased cyber insurance for the first time or increased their level of coverage in the last year, according to a survey of risk managers by The Hartford Steam ...
SCOTUS Surprises Force Companies to Rethink Class Action Strategy
Lawyers for companies trying to fend off costly class action lawsuits are rethinking longstanding legal strategies after businesses lost two key U.S. Supreme Court cases as well as their staunchest ...
AIG General Counsel Russo to Retire; Was Key Player in Bailout Negotiations
Tom Russo, who helped American International Group Inc. negotiate the end of its U.S. bailout, is retiring from his post as general counsel. Russo, 72, will stay with the insurer until a replacement ...
Investigators Believe Amtrak Engineer Was Distracted Moments Before 2015 Philly Crash
The Amtrak engineer at the controls of a speeding train that derailed in Philadelphia last year, killing eight people, was distracted in the moments before the accident, U.S. investigators are ...
Insurance, Reinsurance CEOs Join Global Push to Weave Insurance Concepts Into Disaster Planning
A group of insurance, reinsurance and global broking CEOs are assisting the work of the Insurance Development Forum (IDF), which was launched last month to help build resilience to climate risk and ...