A fiery boat explosion near Fort Lauderdale, Florida, on Memorial Day sent 11 people to the hospital, many suffering from burns, officials said Tuesday. The 39-foot (12-meter) Sea Ray boat had 15 people on board when the explosion happened at …
Memorial Day Boat Explosion Sends 11 to the Hospital in Florida Read More »
Ford Motor is recalling 1,075,299 vehicles in the United States over an issue that may prevent the rearview camera from displaying images increasing the risk of a crash, the National Highway Traffic Safety Administration said on Wednesday. The recall affects …
Ford Recalls More Than 1 Million Vehicles in the US, NHTSA Says Read More »
This edition of International People Moves details appointments at AXIS Capital Holdings and Chaucer Group. A summary of these executive moves follows here. AXIS Restructures Global Markets Team AXIS Capital Holdings Ltd., the Bermuda-based re/insurer, announced organizational changes to further …
The European Union is nearly on track to reach its main climate target for this decade, with countries’ existing CO2-cutting plans set to bring the bloc within one percentage point of the goal, the European Commission said on Wednesday. The …
EU Almost on Track to Reach 2030 Climate Goal Read More »
A German court on Wednesday threw out a Peruvian farmer’s lawsuit seeking damages from RWE for the German energy utility’s alleged role in putting his home at risk through climate change. The court said no appeal was possible in the …
German Court Throws Out Peruvian Farmer’s Climate Case Against RWE Read More »
NN Group NV is replacing pre-programmed chat bots in client-facing roles with a version that can interact more naturally with humans, further evidence of the continued but uneven roll-out of artificial intelligence in financial services. The insurance firm, one of …
Dutch Insurer Scraps Old-Style Chat Bots Amid Uneven AI Rollout Read More »
Travelers Cos. said on Tuesday it has agreed to sell its Canadian personal insurance business and majority of its commercial insurance operations in the country to Definity Financial in a deal valued at $2.4 billion. The transaction adds to a …
Definity Financial to Buy Travelers Cos.’ Canadian Operations for $2.4 Billion Read More »
A recent surge in high-profile cyberattacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market — and prompting a rethink on premiums. As artificial intelligence makes attacks more …
Cyberattack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums Read More »
Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …
Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030 Read More »
Charlotte-based Skyla Insurance Services, a subsidiary of Skyla Credit Union, has acquired Policyline Insurance, an employee benefits and insurance brokerage in the Carolinas. The acquisition strengthens Skyla’s ability to provide Skyla Credit Union’s corporate accounts and sponsor companies with customized …
Skyla Insurance Acquires Policyline, Names Ricks President Read More »
