International News

After Irma’s $1B Damage Puerto Rico Braces for Maria

Two weeks ago, Puerto Rico was spared a devastating hit when Hurricane Irma ripped up the Caribbean. This time, it may not be so lucky. The bankrupt island, already contending with the aftermath of a storm that left as much …

German Startup Eyes Airbags to Keep Workers Working With Robots Safe

Two years ago, a robot crushed a 22-year-old man to death at a Volkswagen AG factory in Germany after the maintenance worker became trapped in an area usually off-bound to humans. While this type of tragedy is still relatively rare, …

Business News: State Auto, Aon, Travelers

State Auto Insurance Group Announces Review of Strategic Alternatives for Its E&S Business The State Auto Insurance Group (State Auto) announced it is undertaking a review of strategic alternatives for its Excess and Surplus (E&S) Lines business, including a possible …

Neal Exits as QBE CEO, Regan to Succeed Him in January

QBE Insurance Group today announced that John Neal, Group chief executive officer, will be stepping down after five years in the role. The board of directors has appointed Patrick Regan, chief executive officer Australian and New Zealand operations and previously …

China Startup Races Tesla With Driverless Trucks in Arizona

A Chinese startup with powerful backing plans to test a fleet of self-driving trucks in Arizona and Shanghai next year, competing with Uber Technologies Inc. and Alphabet Inc.’s Waymo in transforming the way goods are delivered. Haulage is ripe for …

Comparing Flood Insurance in Other Countries

The catastrophic flooding unleashed on Texas by Harvey was unprecedented. Elsewhere in the world, flooding associated with wild weather is a challenge confronting all types of communities from coastal cities in Asia to mountain villages in Europe. In the last …

South Korea Court Rules Worker’s Rare Disease Linked to Samsung Factory

South Korea’s Supreme Court said a former worker in a Samsung LCD factory who was diagnosed with multiple sclerosis should be recognized as having an occupationally caused disease, overturning lower courts’ verdicts that held lack of evidence against the worker. …

Busy Waters Around Singapore Carry Host of Shipping Hazards

The shipping lanes around Singapore, among the world’s busiest, carry a host of challenges to safe navigation, including a narrow strait, frequently limited visibility and thousands of vessels sailing through daily. Countless ships have made the voyage in and out …

World’s Biggest Shipper Reports Cyberattack Cost up to $300M

The June cyberattack that paralyzed the computer systems in companies around the world is estimated to have cost the world’s biggest container shipping line between $200 million and $300 million, A.P. Moller-Maersk said Wednesday. The Copenhagen-based group, which was particularly …

Researchers Finds Room for Improvement in Global Flood Preparedness

A new study across Austria, England, and Romania finds room for improvement in both public and private schemes that could help encourage risk reduction behaviors and reduce losses in future disasters. “Currently neither insurance nor governments successfully encourage risk reduction. …

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