It’s been 3 years since Hurricane Irma made landfall in Florida as a Category 4 storm, and the trail of damage left in its wake is still being felt across the state today, particularly by the insurance industry as it …
Specialist insurer Hiscox has created a Crisis Management division within its London Market business to include kidnap and ransom, security incident response, terrorism, product recall and personal accident lines. Headed up by Mike Williams, divisional director, the Crisis Management division …
Hamilton Re has named Megan Thomas, a former AXIS Capital and AIG executive, as the company’s new chief executive officer. She succeeds David Brown, the chairman of Hamilton Re who was appointed interim CEO in early August to replace Kathleen …
Wildfires have burned a record 2 million acres in California this year, and the danger for more destruction is so high the U.S. Forest Service announced Monday it was closing all eight national forests in the southern half of the …
Duracell, the battery unit of Warren Buffett’s Berkshire Hathaway Inc., sued the maker of Energizer batteries on Tuesday, accusing it falsely advertising that its Energizer MAX batteries last up to 50% longer than other alkaline batteries. The lawsuit follows Energizer …
Hurricane-force winds and high temperatures kicked up wildfires across parts of the Pacific Northwest over the Labor Day weekend, burning hundreds of thousands of acres and mostly destroying the small town of Malden in eastern Washington. “Today alone, almost 300,000 …
Hurricane Laura was hardly done ripping across Louisiana before scientists started combing through satellite imagery and drone footage and preparing to survey coastal areas to see what damage was caused by the monster storm. Southwest Louisiana’s gulf coast is a …
Chicago-based global insurance broker, Hub International Limited (Hub), has acquired the assets of Todd & Associates LLC (Todd & Associates), an independent insurance agency located in Lake Charles, Louisiana. Terms of the transaction were not disclosed. Todd & Associates is …
A painting by American artist Robert Spencer, missing since 1995, was recovered after a Pennsylvania art museum included it in an exhibit. Christopher A. Marinello, owner of Art Recovery International, said one of his researchers spotted a notice in November …
Another federal court has dismissed a COVID-19 business interruption lawsuit, finding that a closure order does not constitute a covered “direct physical loss” and that the policy excluded damages caused by viruses anyway. The ruling by the U.S. District Court …