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Oasis Loss Modelling Framework Offered Open Source, Free of Charge
Not-for-profit catastrophe modeling platform Oasis Loss Modelling Framework announced that all components of its catastrophe modeling software are now open source and downloadable from GitHub, free of charge. This step means that Oasis is making sophisticated catastrophe modelling more accessible …

POSTED JULY 19, 2018 11:34 AM
UK Insurers, Banks ‘Must Plan for Hard Brexit’ if Transition Deal Fails: Regulator
Britain’s banks and insurers must plan for a “hard” Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday. “With eight months until we exit the European Union in March 2019, …

POSTED JULY 19, 2018 11:18 AM
China’s Anbang to Sell Overseas Properties Worth $10B in Ongoing Rescue: Sources
China’s Anbang Insurance Group Co. Ltd. is looking to offload overseas properties worth about $10 billion to shore up its balance sheet as part of a government-backed rescue, three people with knowledge of the matter said. The sales are likely …

POSTED JULY 19, 2018 10:59 AM
Generali Plans to Sell Wealth Management, Services Units for $476M
Assicurazioni Generali SpA agreed to sell wealth-management and service units in Ireland and Guernsey for 409 million euros ($476 million), pushing the Italian insurer above its target for international disposals. The Generali Worldwide and Generali Link businesses will be purchased …

POSTED JULY 19, 2018 10:48 AM
Philadelphia Launches Pool, Spa Contractors Program
Philadelphia Insurance Companies’ (PHLY) has launched a new Pool and Spa Contractors Program in response to increased demand for pool construction. The PHLY comprehensive package product includes coverage for pool and spa contractors with a single carrier approach. Coverages offered …

POSTED JULY 19, 2018 5:13 AM
Neighbors of North Carolina Chemical Plant to be Tested for GenX Compounds
North Carolina and federal health officials want to test whether neighbors of a chemical company are carrying little-understood industrial compounds in their bodies. North Carolina’s Department of Health and Human Services said Tuesday it is working with the U.S. Centers …

POSTED JULY 19, 2018 5:08 AM
Lawmakers Eye Holding Social Media Firms Liable for User Posts
Top Republican lawmakers on Tuesday attacked one of the legal protections most prized by social media companies such as Alphabet Inc.’s Google and Facebook Inc., questioning whether they should be held liable for content posted by users. House Judiciary Chairman …

POSTED JULY 19, 2018 5:00 AM
MGM Facing Boycott for Suing Las Vegas Shooting Victims
It took just minutes for the hashtag #BoycottMGMResorts to appear on Twitter, and for people to declare they would no longer patronize the largest casino owner on the Las Vegas Strip. “Was going to stay in November already changed my …

POSTED JULY 19, 2018 5:00 AM
Safety Agency Faulted for Delayed Action on Auto, Airbag Recalls
A government audit released on Wednesday faulted the National Highway Traffic Safety Administration’s oversight of auto safety recalls and said its “delayed action” may have delayed the expansion of a record-setting callback of millions of vehicles for Takata air bag …

POSTED JULY 19, 2018 5:00 AM
Auto Insurers Warn Tariffs on Auto Parts Could Raise Insurance Costs
A threat by the U.S. government to impose tariffs of up to 25 percent on imported auto parts could hit consumers in unexpected ways: higher repair costs, insurance premiums and even the theft of more cars for their parts, the …

POSTED JULY 19, 2018 5:00 AM

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