Erie Insurance reports it has made progress in reconnecting several business systems and applications as it continues to recover from a network outage that is now 17 days old. The insurer said the network and system outage it initiated on …
Weeks Later, Erie and Philadelphia Insurance Still Working to Restore Networks Read More »
Adaptive Insurance, a provider of parametric insurance solutions, has partnered with specialty insurer Tokio Marine HCC on GridProtect—an insurance product for short-term power outages. The flagship product from Adaptive, which says it is building an AI-driven platform to businesses create …
Adaptive Insurance, Tokio Marine HCC Partner on Power Outage Losses Read More »
While cyclists on Pennsylvania road must make “reasonable efforts” to not impede the flow of traffic, the law does not mandate that they let faster traffic pass by always and immediately pulling off the read, the Pennsylvania Supreme Court recently …
Being able to predict the environmental risks that follow a major natural disaster represents an untapped business opportunity for the insurance sector, according to the head of reinsurance firm Swiss Re AG’s China unit. Risks associated with catastrophes such as …
Insurers Have New Opportunity in Secondary Perils, Swiss Re Says Read More »
This edition of International People Moves details appointments at Everest Group and AEGIS London. A summary of these new hires follows here. Everest Appoints Global Atlantic’s Co-Founder Levine to Board of Directors Everest Group Ltd., the Bermuda-based property, casualty, and …
Miller, the London-based specialist re/insurance broker, has unveiled MillerBoost, a new property smart-follow facility designed to help brokers and their clients move faster and with more conviction in a rapidly evolving market. Powered by InsurX’s frictionless trading infrastructure and offering …
Markets/Coverages: Miller Launches Property Smart-Follow Facility Read More »
Greek authorities sent new evacuation notifications for two areas near the main town of the eastern Aegean island of Chios Monday morning, as firefighters struggled to control a major wildfire raging on the town’s outskirts for a second day. The …
Firefighters Battle Major Wildfire on Greek Island of Chios, With Evacuations Ordered Read More »
In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of rules. Thermal …
Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding Read More »
U.S. and Israeli attacks on Iran and Tehran’s reprisals have doubled the price of insuring shipments to the Middle East and the Gulf in the last week, insurance sources said on Monday. War risk insurance premiums for shipments to the …
Escalating Hormuz Tensions Drive Up Middle East War Risk Insurance Costs: Sources Read More »
Tokio Marine Holdings Inc. sees scope for further expansion in the US as Japan’s largest property-and-casualty insurer explores acquisition opportunities around the world, its new chief executive officer said. “We want to expand in countries other than the US for …
Tokio Marine Hunts for Deals Abroad, Sees Room for Growth in US Read More »
