It was 3 a.m. on Monday and Captain Karsten Börner and his crew were already awake, preparing for an approaching thunderstorm just off the Sicilian coast. Moored behind their schooner was a luxury yacht that carried tech tycoon Mike Lynch …
MS Amlin named Catherine Healy head of property and crisis management claims. Healy will be responsible for the management and oversight of claims for commercial property, property binders, transportation, crisis management. She will based in London and report to Clare …
Marty Malinow’s mom never could get her head around what her son did for a living. To friends, she said he was “a stockbroker that does something with the weather.” Malinow couldn’t really object — he knew most people had …
Brazil’s aid measures after historic floods battering Rio Grande do Sul state will result in a fiscal impact of 7.7 billion reais ($1.49 billion) for the federal government, Finance Minister Fernando Haddad said on Wednesday. Most of the impact will …
SAINT-DENIS, France (AP) — Just like the Olympic athletes, the cyberwarriors that will be crucial for the success of the Paris Games are deep into training for the big event. They have turned to friendly hackers to probe their cyberdefenses, …
Jaguar Land Rover Automotive Plc is offering to pay part of customers’ insurance costs for new Range Rovers after a string of thefts caused premiums to soar and left some unable to get cover. The British carmaker will provide £150 …
Lloyd’s of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore’s Francis Scott Key Bridge in March that caused widespread disruption, they said last Thursday. Some estimates for the total insured losses from …
Heavy rains in the southern Brazilian state of Rio Grande do Sul killed 39 people, with another 68 still missing, the state civil defense agency said Friday, as record-breaking floods devastated cities and forced thousands to leave their homes. It …
Extreme storms and other natural disasters cost the world about $250 billion of losses last year, with less than half that amount actually covered by insurers, according to data compiled by Munich Re. The bill exceeds the 10-year average, and …
DUBAI, United Arab Emirates (AP) — Yemen’s Houthi rebels fired their largest-ever barrage of drones and missiles targeting shipping in the Red Sea, forcing the United States and British navies to shoot down the projectiles in a major naval engagement, …