Igor Beresnev didn’t want to wait for a research grant or fresh data from the next big earthquake. So, over summers and weekends, he analyzed existing, historical data and ran his calculations. Now he believes he’s established the upper limit …
Zurich Insurance Group AG got a boost from its property & casualty business, putting the company on track to meet Chief Executive Officer Mario Greco’s three-year restructuring goals. The Swiss insurer’s biggest unit saw higher profit and posted a lower …
Sicilian gangsters dropped 25-kilo (55-pound) cast-iron weights on the limbs of drug addicts, alcoholics and other vulnerable people to obtain insurance payments for fake car accidents worth hundreds of thousands of euros, police said Wednesday after making 11 arrests in …
A single personal electronic device that overheats and catches fire in checked luggage on an airliner can overpower the aircraft’s fire suppression system, potentially creating a fire that could rage uncontrolled, according to new government research. Regulators had thought that …
A U.S. passenger aboard a flight that crashed on takeoff in northern Mexico said Wednesday that a strong burst of wind and hail hit the Aeromexico jetliner, apparently knocking it back to ground, where there were only moments to evacuate …
Malaysia Airlines Flight 370, missing since 2014, was probably steered off course deliberately and flown to the southern Indian Ocean, according to the Malaysian government’s safety report into the disaster. MH370 vanished on March 8, 2014, en route to Beijing …
SCM Continues U.S. Expansion With Affirmative Risk Management Acquisition SCM Insurance Services, Canada’s largest independent, privately owned insurance services provider, announced that it has acquired Affirmative Risk Management (ARM). ARM was founded more than 30 years ago and remains headquartered …
Kinked, buckled, stuck or stalled, it doesn’t matter how you describe it, the jet stream – the ribbon of wind that circles the Earth – is doing strange things. The calamity list includes wildfires across Scandinavia, Greece and California, record …
Samsung Electronics and a group representing ailing Samsung computer chip and display factory workers said Tuesday they have agreed to end a years-long standoff over compensation for deaths and grave illnesses among Samsung workers. Samsung and Banolim said they will …
In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that …