RSA News

UK Watchdog Aims For July Court Date on Business Interruption Insurance

LONDON — Britain’s Financial Conduct Authority (FCA) aims to get business interruption insurance policies examined by a court as soon as July, a member of a policyholder action group said on Thursday. The Hiscox Action Group, which is seeking to …

Like its Buildings, U.K. Insurers’ Shares Are Sinking

Just like a lot of British houses this summer, U.K. insurance stocks are sinking. The country’s nonlife insurers sector had its steepest drop in more than a year-and-a-half on Friday after its biggest constituent, RSA Insurance Group Plc, warned this …

Wichita Area’s Stake in Drone Safety, Research Increasing

RSA Marketing Services has added a new service to its business that it calls Tropic Thunder. Tropic Thunder is an unmanned aerial vehicle, or drone. RSA chief executive Bruce Rowley said the types of photos and videos that a drone …

Aviva, RSA, Direct Line Face Heaviest Losses From British Floods

Aviva Plc, RSA Insurance Group Plc, and Direct Line Group Plc are poised to bear the brunt of losses from flooding in Britain that is estimated to cost the industry as much as 1 billion pounds ($1.7 billion). Aviva, the …