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10 02, 2020

Australian Insurers Declare Catastrophe for Losses from East Coast Flooding

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The Insurance Council of Australia (ICA) has declared a catastrophe for property losses caused by storms and flooding along the east coast since February 5. Insurers said they have received 10,000 claims with the value of claims estimated at $45 …

10 02, 2020

Tokio Marine Completes Acquisition of High Net Worth Insurance Specialist Pure Group

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Tokio Marine Holdings announced that it has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as Pure Group, which specializes in the U.S. high net worth insurance market. The deal was announced last October. The acquisition price …

10 02, 2020

Thai Insurer Offers First Coronavirus Insurance Policy

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The world’s best-performing insurance firm has seized on the latest health concern to offer Thailand’s first policy to cover the novel coronavirus. TQM Corp., with partner Bangkok Insurance Pcl, this week introduced a policy that costs 299 baht ($9.62) and …

10 02, 2020

House Panel to Hold Hearing to Advance Rules on Self-Driving Vehicles

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A U.S. House panel will hold a hearing Tuesday on autonomous vehicles as lawmakers try to hammer out legislation to advance self-driving cars. An Energy and Commerce subcommittee overseeing automotive issues will hear from officials of trade groups representing automakers …

10 02, 2020

22 Kids Sent to Hospital After 2 School Buses Crash in Georgia

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A crash between two school buses in east Georgia sent 22 students to a hospital to be checked Thursday morning, school officials said. Further details on their conditions weren’t immediately known. Social Circle City Schools told news outlets the two …

10 02, 2020

Conservators Work on Items Damaged in Manhattan’s Chinatown Museum Fire

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A volunteer team of conservators is working to salvage some of the 85,000 artifacts feared lost in a fire in the heart of Manhattan’s Chinatown. About a third of the collection belonging to the Museum of Chinese in America has …

10 02, 2020

Delaware Companies Save More Than $4M from Reduced Workers’ Comp Rates

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The Delaware Department of Insurance has analyzed new filings from the state’s top writers of workers’ compensation insurance after announcing the third consecutive year of decreased rates in November. The top writers represent nearly 10,000 companies that hold policies within …

10 02, 2020

Virginia Tech Student Sues After Hazing Suspension

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A former Virginia Tech student is suing the university after he was accused of overseeing a ceremony that violated the school’s hazing policy. Darrien Brown alleges the university denied him due process when administrators suspended him for two semesters for …

9 02, 2020

Italian Investor Group Exor Weighs Sale of PartnerRe to France’s Covea

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Investment group Exor, which controls carmaker Fiat Chrysler, is in exclusive talks to sell reinsurer PartnerRe to France’s Covea in a deal one source familiar with the matter said was worth around $9 billion. Exor, the investment vehicle of Italy’s …

9 02, 2020

Coronavirus Update: Deaths Surpass 900; World Health Experts Head to Beijing

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BEIJING, Feb 10 — An advance team of international experts led by the World Health Organization (WHO) has left for Beijing to help investigate China’s coronavirus epidemic, which authorities said on Monday had now claimed 908 lives on the mainland. …