Executive Summary: The potential for satellite technology to revolutionize claims management has long been recognized but has only recently been realized with technological advancements. Satellite-based data can give the insurer a “head start” on the event, according to Stephen Lathrope …
MENTONE, Texas (AP) – An earthquake struck a sparsely populated and remote area of West Texas last Wednesday, the U.S. Geological Survey reported, and the temblor could be felt hundreds of miles away. The USGS reports the 5.3 magnitude quake …
Banks, asset managers and other financial firms have won a reprieve from Europe’s most consequential ESG regulation to date, as a wave of intense industry lobbying pays off. Spain, which holds the European Union’s rotating presidency, has proposed that financial …
Hotchkiss Insurance has acquired InCore Group, an independent insurance consulting agency serving Texas, Oklahoma, and New Mexico. This move expands Hotchkiss’ footprint for commercial insurance and employee benefits into West Texas and surrounding states. Lubbock, Texas-based InCore Group is known …
An additional 1.2 million chickens will be slaughtered to prevent the spread of the bird flu after the virus was confirmed on an Iowa egg farm in the second massive case this week. The Iowa Department of Agriculture and Land …
DP World Plc is slowly working through a backlog of more than 20,000 freight containers piled up at Australian ports following a crippling cyberattack, as labor strikes impede a return to normal operations. DP World, one of the world’s largest …
The state of Maine has begun notifying people whose personal information was included in a data breach impacting as many as 1.3 million individuals, state officials announced Thursday. The notifications began after the state completed an assessment once they discovered …
Insurance broker WTW announced the launch of “A-Star,” an excess layer D&O insurance solution for directors and officers. The new facility provides streamlined access to up to £/$/€ 80,000,000 additional capacity for directors & officers liability insurance, ensuring comprehensive protection …
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets. So-called cat bonds, which farm out hard-to-insure risks to capital market investors in exchange for double-digit returns, have typically …
liquor liabilityThe mother of a University of New Hampshire student who died in an icy swamp two years ago filed a wrongful death lawsuit Thursday against the Durham bar and fraternity her son visited that night. Vincenzo Lirosi, 22, was …