Claims / Legal
Workplace Safety Beats Cyber, Terror as Top Small Biz Risk Concern
According to a survey of more than 500 small business owners, workplace safety risks are a greater source of concern than cyber risks, terror risks and other worrisome injury and cost drivers. ...
OECD Wants Broker, Insurer Data Included in Tax Evasion Crackdown
Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and ...
The ACA’s Anticipated Effect on P/C and Workers Comp Lines
Although parts of the Affordable Care Act have been in place since 2010, key reforms began on January 1, 2014. According to industry experts, the ACA won't affect the medical bill payment process; ...
RMS(one) To Be Available in April; ARA Putting Hurricane Model on Platform
On Tuesday, RMS announced that it will release version 1.0 of RMS(one), the company's exposure and risk-management platform, on Apr. 15, 2014. All RMS catastrophe models, as well as select models ...
Netflix’s House of Cards and Other Big Data Case Studies
How did program developers at Netflix know that viewers of the BBC television series "House of Cards" also enjoyed movies starring Kevin Spacey and directed by David Finch? They analyzed big data to ...
Regulatory Compliance at Top of Financial Executives’ Worry List
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility, according to today's survey of 400 financial companies by ...
U.K. Floods Could Cost Insurers $822M: Deloitte
Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at ...
P/C Combined 97.6 for 2013; Commercial Outlook Still Negative: A.M. Best
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its ...