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Zurich, RSA, Lloyds underwriters ordered to hand over documents to Chevron
However, during the hearing, Zurich disclosed that approximately 15 to 20 employees handled war-risk claims. Judge Corley directed the primary insurers to query those individuals about any prior claims involving vessel seizures, captures, or detainments, and to share their findings with Chevron. Source link
Supplies to Have on Hand for a Power Outage
Power outages can be extremely inconvenient and at times scary. Keeping on top of a simple stockpile can help make all the difference when an emergency strikes. In most cases, a blackout can be temporary. When storms hit, they can knock out the power for a few hours or even a few days. Having supplies…
Mediobanca makes takeover bid for Banca Generali
Mediobanca, based in Milan, holds a 13% stake in Generali, making it the insurer’s largest shareholder. The holding has been a point of contention between Mediobanca and other major investors in Generali, including the family of the late Leonardo Del Vecchio and businessman Francesco Gaetano Caltagirone. Both investors also hold stakes in Mediobanca and have…
Hiscox sees steady Q1 performance as wildfire losses remain unchanged
Hiscox London Market reported ICWP of US$329.7 million, a 4.0% increase from US$316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…
Secure Your Future with LIC’s Dhan Vriddhi (869): A Comprehensive Guide with Illustrations and Benefit Analysis
This extra insurance called “Accidental death & disability rider” helps if the insured has a permanent disability or dies unexpectedly from an accident. It’s useful if you work in a high-risk job, do extreme sports or travel often. It helps you pay for medical expenses, lost income because of the accident, lump-sum payment for costs,…
Orion180 partners with Jewelers Mutual to offer additional jewelry coverage
“By partnering with Jewelers Mutual, Orion180 is addressing a need for more comprehensive jewelry coverage that goes beyond standard offerings,” said Ken Gregg, CEO and founder of Orion180. “This collaboration enhances the overall insurance experience for our clients, allowing them to protect both their home and high-value items in one place.” Source link