Insurance

Insured losses for New Zealand’s North Island floods of Jan. 27 to Feb. 2 are estimated at NZ$1.75 billion ($1.1 billion), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. This second PERILS’ loss estimate has …

This edition of International People Moves details appointments at cybersecurity firm Lodestone Security and the broker Howden Tiger Fac. A summary of these new hires follows here. Beazley’s Cyber Security Unit Lodestone Appoints Kizziah as CEO Global cybersecurity firm Lodestone …

Lockton, the privately held insurance broker and consultancy, announced it has acquired THB Brazil from Amwins, the independent wholesale distributor of specialty insurance products in the U.S. Terms of the transaction were not disclosed. The combination of two leaders in …

ALEXANDRIA, La. (AP) – Central Louisiana’s historic Hotel Bentley was damaged Friday by a fire in which one person was believed to be injured. The fire, which damaged the building’s exterior on the north side, was concentrated in the lower …

MINNEAPOLIS (AP) – A man suspected of setting fires to Minneapolis mosques was indicted Thursday on federal charges of arson and damage to religious property while investigators look into a series of crimes targeting Muslims and Somali Americans. Jackie Rahm …

Russian carmaker GAZ has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen, court records show, adding to two others filed earlier this year. The lawsuit, details of which have not been published, was filed with the Nizhny …

Off the coast of Malaysia, in one of the world’s busiest shipping channels, an explosion on board the aging oil tanker Pablo ripped off its deck like a sardine can and began a fire that sent dark plumes of smoke …

South Africa Special Risk Insurance Association told clients it won’t pay claims for damage related to a collapse of the national electricity grid, Business Day reported, citing a circular from the company. The announcement by the state-owned insurer comes less …

GRAND RAPIDS, Mich. (AP) – Two workers were being treated for chemical burns Friday after one fell into a vat at a Grand Rapids electroplating plant, authorities said. The Grand Rapids Fire Department was sent on a hazardous materials call …

HOUSTON (AP) – Fire erupted at a petrochemical plant in the Houston area Friday, leaving five workers hospitalized and sending up a huge plume of smoke visible for miles. Emergency responders were called to help around 3 p.m. at the …