Claims / Legal
Travelers’ Profit Plunges; Higher Cat Losses, Reduced Underwriting Gains to Blame
Property and casualty insurer Travelers Cos Inc reported an 11 percent fall in quarterly profit hurt by higher catastrophe losses and lower underwriting gains. The company also authorized a $5 ...
XL Catlin Ups Terrorism Insurance Coverage Limits by 25%
XL Catlin said it has boosted available terrorism insurance coverage units by 25 percent in an effort to keep up with demand. Limits are now at $250 million, up from $200 million, the insurer and ...
Through the Roof: Drone Startup Hits 6,000-Inspection Milestone
BetterView, an insurance technology startup that captures and analyzes data from drones, announced early this month that it has performed more than 6,000 roof top inspections for insurers since its ...
Robot Surveillance Tech Could Aid Hurricane Damage Assessment, Other Risky Tasks
Cornell University researchers are developing a system to enable teams of robots to share information as they move around, and if necessary, interpret what they see. This would allow the robots to ...
Google Glass, Voice-to-Text Still Create Driver Distractions: Research
Manual-entry tasks such as texting cause slower reaction times and more eyes-off-road glances than voice-to-text input with smartphones and Google Glass. But all of the secondary tasks beyond driving ...
Air Bag Maker Takata, Wounded by Safety Recall, Explores Rescue Talks
Potential rescuers of Japan's Takata Corp have extended talks, already in their 14th month, for a deal to take over the air bag maker at the heart of the auto industry's biggest safety recall, people ...
New Data Underscores How Common Distracted Driving Risks Have Become
With auto insurers increasingly worried about a spike in accidents related to distracted driving, results from a new study will only reinforce their fears. A little more than 52 percent of trips that ...
Insurers Increasingly Worry About Political Risk Coverage
Evan Freely has been insuring global risks for years—through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more ...