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Berkshire Hathaway-backed aviation pool USAIG leads the insurance policy for the helicopter that crashed into New York's East River last month, killing five passengers, The Insurance Insider can reveal.
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A Church’s Chicken franchisee has filed a lawsuit in Texas accusing several Lloyd’s underwriters of not living up to their commercial policies when it comes to 54 stores affected by Hurricane Harvey.
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Swiss Re Corporate Solutions (SRCS) has launched a standalone excess and surplus lines (E&S) business unit for North America as it looks to expand in the space.
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USA Gymnastics (USAG) has filed a lawsuit against seven of its insurers, accusing them of breaching their contracts when it comes to defending and indemnifying the non-profit organisation against legal actions associated with convicted sex offender Larry Nassar.
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London market executives have expressed disappointment at the lacklustre rate rises underwriters have been able to achieve following the 2017 catastrophes, as continued overcapacity has served to drown out hard market sentiment.
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After a year like 2017, the spotlight will naturally fall on the property losses at Lloyd's. Hurricanes, wildfires and earthquakes all grab the headlines and will be front of mind when commentators assess what drove the overall loss at Lloyd's last year.
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The Insurance Insider looks in detail at the results for Lloyd's reinsurance, property and casualty segments
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Lawyers for disgraced US movie producer Harvey Weinstein have filed papers to move a lawsuit brought by the Hollywood mogul's personal indemnity insurers to a federal court in New York.
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If last year's NotPetya ransomware attack had been focused on Western economies rather than Eastern Europe it would have "turned the cyber insurance market on its head", according to Sompo International's global cyber product leader Brad Gow.
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Lockton has stopped broking National Rifle Association (NRA) endorsed liability insurance policies.
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CFC chief innovation officer Graeme Newman has defended the progress made in the cyber insurance market following comments from Lloyd's CEO Inga Beale that the market was "frustratingly immature".
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UK motor excess of loss (XoL) reinsurers are rethinking cover for terrorist attacks using vehicles as a crunch decision on liability for such claims looms, sources have told The Insurance Insider.