Insurance & risk news from around the world
Martin Senn, the Zurich Insurance Group AG chief executive officer who stepped down in a December reshuffle, has committed suicide. He was 59.
Source: Property Casualty 360 Martin Senn, former CEO of Zurich Insurance, commits suicide
Summer is a season of recreational fun and personal relaxation. Unfortunately, summer is also the riskiest season of the year.
Source: Property Casualty 360 Summer can be the riskiest time of year
ASIC has announced that they have cancelled the Australian Financial Services license of an insurance brokerage
Source: Insurance Business Online BREAKING NEWS: ASIC cancels Winley AFS licence
A major Australian bank has remained tight-lipped over the possible sale of its insurance arm, said to be valued at $4 billion
Source: Insurance Business Online Major bank ANZ mum on insurance sale
An Australian insurer has launched a second lawsuit concerning a devastating bush fire in a bid to recover uninsured losses suffered during the blaze
Source: Insurance Business Online Leading insurer IAG launches second bushfire lawsuit
A leading Australian insurer has been named as one of 11 trailblazing companies taking part in a national effort to help 3 million Australians facing significant economic and social hardship
Source: Insurance Business Online Aussie insurer Suncorp backs financial inclusion
Insurers that invest in fossil fuels are faced with increasing risks, according to a recently published report
Source: Insurance Business Online Fossil fuel investment poses threat to insurers
Making headlines this week a global player unveiled their ‘secret weapon’ CEO, a premium funder revealed a first of its kind launch and a major bank is mulling an insurance sell-off
Source: Insurance Business Online Weekend Update: A ‘secret weapon’ CEO, a first of its kind launch and an insurer sell-off
Crowdfunding is becoming a popular way for anyone – from businesses to individuals – to raise funds. Now, AIG has introduced a new way to insure cash raised
Source: Insurance Business Online Financial Focus: AIG debuts crowdfunding insurance product in Canada, UK
The Atlantic should have a near-average storm season, producing four to eight hurricanes before it ends in November, according to NOAA Administrator Kathryn Sullivan.
Source: Property Casualty 360 Atlantic hurricane season likely to be near normal, NOAA says
Insurance giant announces its grant recipients to kick off its fifth annual Global Community Week.
Source: Property Casualty 360 Zurich to donate 4,250 to 126 U.S. nonprofits
A storm that would be named Bonnie threatens holiday cookouts and celebrations along the U.S. coast from North Carolina to Georgia over the Memorial Day weekend. If the low-pressure system now northeast of the Bahamas develops, it will become the …
Source: Claims Journal USA Storm Bonnie Could Dampen Holiday Cookouts Off Southern Coast of U.S.
An estimate by the National Safety Council suggests there could be as many as 439 deaths and an additional 50,500 serious injuries from auto crashes during the three-day Memorial Day holiday period. With more than 38 million Americans expected to …
Source: Claims Journal USA Tire Blowouts Inevitable as 38M Americans Embark on Memorial Day Weekend Road Trips
Owners of multi-family properties don’t always give proper attention to where residents and visitors park. And that could be a costly mistake.
Source: Property Casualty 360 6 parking lot perils property owners need to pay attention to
While many people view Memorial Day weekend as the unofficial start of the summer grilling season, they may not be aware of the dangers of eating food cooked on grills cleaned with wire-bristle brushes. A new study conducted at the …
Source: Claims Journal USA Holiday Hazard: Barbecue Brush Wire Bristles Can Cause Serious Injuries
The founder and CEO of an insurance start-up, backed by a major Australian insurer, has said that the industry presents a ‘terrific opportunity’ for disruption as younger generations seek disintermediated options
Source: Insurance Business Online Insurance industry presents ‘terrific opportunity’ for disruption
An international firm has revealed the three biggest risks facing the insurance and reinsurance industry and highlighted 21 emerging risks the industry needs to be watchful of
Source: Insurance Business Online Global firm Swiss Re unveils three biggest emerging risks
While Google is keen to sell how self-driving cars will save lives, they now plan to cement that after being awarded a patent for a very sticky solution.
Source: Insurance Business Online Far Out Friday: Google’s sticky crash solution
Travelers Cos. said Doreen Spadorcia, who has been with the insurer for about 30 years, is retiring from her post as chief executive officer of personal coverage.
Source: Property Casualty 360 Travelers personal insurance CEO Spadorcia exits after 30 years
A home in Burlington¸ Vermont¸ is dangerously close to falling into the Winooski River¸ following a series of landslides.”It was scary¸” said Wayne Gingras¸ who was fishing on the river Monday as some soil and stone tumbled into the water. “That was a huge chunk of earth to come down. “Sunday morning¸ a much larger cave-in left the home at 242 Plattsburgh Ave. teetering on the brink of the river. “If you were out in the back yard when that (landslide) happened¸ it wouldn’t have been good¸” observed Battalion Chief Scott Crady¸ of the Burlington Fire Department.