It will take several days to clean up a big mess left behind by a runaway tanker that ended up in a residents backyard. But Salt Lake fire officials say they are very grateful no one was injured in the Wednesday morning incident.
The Kootenai County Sheriff’s Office confirmed two people died in a plane collision over Lake Coeur d’Alene on Sunday afternoon, and as many as eight people may have been onboard the two aircraft.
A severe thunderstorm that blasted through west Texas on Tuesday was so powerful that it caused dozens of freight train cars to derail, according to officials.
The scenes from May 30 looked like they had been plucked out of the 1960s. News networks alternated between covering nationwide protests over the death of George Floyd, a black man who was allegedly killed by a police officer while in custody, and SpaceXs first crewed launch to the international space station.
Intact Financial Corp. is likely to pay out more than $80 million for commercial claims arising directly from the COVID-19 pandemic, but has only seen a small fraction of that so far, CEO Charles Brindamour said Wednesday.
The key selling point for cyber insurance has evolved over recent years as cyberattacks have become more prominent. Several years ago, cyber insurance was important because of data breach concerns and protecting organizations’ liability if private data was exposed. Today, the focus is on the potentially huge losses stemming from cybercrime.
The lack of cyber case law worked against an insurer in the Ontario Superior Court of Justice recently, with the court deciding that The Co-operators has a duty to defend two parties named in a $75-million cyber breach class action lawsuit.
A perfect storm of macro factors has supercharged several trends in the insurance industry, producing almost touchless processes for claims and enabling cycle times of seconds, minutes and hours instead of days and weeks.
Smoke continued to hang in the air Monday morning as firefighters mopped up hot spots after a huge fire destroyed a four-story apartment complex under construction in downtown Phoenix.
Ten racehorses were killed in a fiery tractor trailer crash early Sunday morning on the New Jersey Turnpike. Two of the horses identified in the crash were sired by champion horses.
While the insurance industry grapples with the coming influx of Covid-19 litigation, transportation insurers would be wise to use their 2008 playbook for insight into how claims trends will unfold.
While battling a large fire aboard a cargo ship at Blount Island, the Jacksonville Fire and Rescue Department said an explosion occurred, injuring firefighters. According to Fire Chief Keith Powers, eight firefighters were injured in the explosion, and an additional firefighter was treated for heat exhaustion.
My purpose today is to add some clarity and remind readers that, when it comes to most of the insurance products we sell, there is little, if any, insurance coverage response. But first, lets take a look at what a GMO is, how long they have been around, and what they mean for agriculture and the food on your table.
Crypto.com has secured a $100 million direct insurance policy provided by Arch Underwriting at Lloyds Syndicate 2012. Per a May 11 announcement, the new policy brings Crypto.coms total coverage to $360 million with the firm claiming to now have the largest insurance coverage within the entire cryptocurrency sector.
Crypto.com has gathered a record-breaking $360 million worth of insurance to cover the potential loss of coins stored in special offline vaults. Announced Monday, the crypto finance platform accessed the cover through institutional custody provider Ledger Vault, which offers $150 million of pooled insurance cover to clients via insurance broker Marsh, and Lloyds of London underwriter Arch Insurance.