Lloyd’s of London News

Lloyd’s of London Denies Concussion Claim, Former NFL Player Sues

A former NFL player who suffered what the league deemed a career-ending concussion has sued Lloyd’s of London for denying a $1 million insurance policy for professional athletes. The lawsuit filed this week in North Carolina could become a test …

London’s Insurance Industry Could Lose 34,000 Jobs If Britain Exits EU

Lloyd’s of London said that at least 34,000 jobs in the city’s commercial insurance industry are at risk if Britain votes to leave the European Union, with some companies drawing up plans to relocate outside of the U.K. Further job …

Ahead of Season, Oregon May Renew Wildfire Insurance

Oregon is considering another year of insurance coverage to help pay for catastrophic wildfire seasons. British insurance giant Lloyd’s of London is offering the state another year of coverage despite three consecutive years of expensive, drought-fueled wildfires. The policy could …

Insurers Say Action Needed to Avoid Increasing Liability Losses Related to Climate Change

Lloyd’s of London and other insurers called for collective action to address climate change on Thursday, after a report from the UK regulator this week highlighted risks to their industry from global warming. In an open letter to Bank of …

Power Grid Attack Could Cause $1T Economic, $70B Insurance Losses

A cyber attack on the U.S. power grid in the Northeast would have far-reaching implications including the loss of lives, economic losses of as much as a trillion dollars, the disruption of water supplies and transportation, and potentially more than …

Lloyd’s Offers Oregon Wildfire Insurance at Higher Rates

The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years – but at a higher premium and deductible. Lloyd’s of London has offered to cover up to …

Atlas General Insurance Services, LLC, Announces Addition of New Binding Agreement for Its Property DIC Division

San Diego, CA, January 6, 2015: Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the addition of a new binding agreement for its Property DIC Division. The agreement, underwritten by Lloyd’s of London, will …

BP Seeks Access to $750M Transocean Spill Insurance

BP Plc, which already has paid more than $28 billion for the 2010 Gulf of Mexico oil spill, seeks to get a $750 million chunk of that back by convincing a Texas court that a missing comma may give the …

Wildfire Spending in Oregon Triggers Lloyd’s Insurance Policy

Oregon’s tough wildfire season has pushed spending to the point the state Department of Forest is tapping its special insurance policy for the second year in a row. The Bulletin reported that state wildfire costs exceeded the $20 million deductible …

Cat Losses Affect Amlin First-Half Profit

Amlin Plc, the second-biggest Lloyd’s of London insurer by market value, posted an eight percent drop in first-half pretax profit on losses from foreign exchange and natural catastrophes. Profit declined to 148.5 million pounds ($248 million) from 161.4 million pounds …