Risk
Struggling Russian Insurers May Need Additional State Support, Lobbyist Argues
Russia's banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following the bailout of top insurer Rosgosstrakh last year, the head of ...
WorkFusion Raises $50M; Process Automation Software Can Modernize Insurance Claims
Process automation software company WorkFusion raised a $50 million financing to help expand its global operations. WorkFusion's technology automates high-volume processes by combining artificial ...
March U.S. Storms Produced $3B in Economic Losses, Plenty of Business Interruption Problems
The U.S. dealt with $3 billion in economic losses during March, thanks to a number of winter storms that caused multistate damage, travel delays and business interruption problems, according to Aon ...
FEMA Shifts More Risk to Private Markets With First NFIP Catastrophe Bond
In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) ...
14 Named Storms Predicted for ‘Above Average’ 2018 Atlantic Hurricane Season
After the costliest Atlantic hurricane season in history last year, early forecasts indicate 2018 will be above average. Look for 14 named storms, and there's a greater than normal chance of a major ...
Equifax Fails to Prevent Mass. Data Breach Lawsuit From Advancing
Massachusetts can move forward with a lawsuit accusing credit reporting firm Equifax Inc of failing to safeguard its databases or provide prompt notice of a breach that exposed the personal data of ...
IAT Insurance Will Enter Surety Space With Planned IFIC Acquisition
IAT Insurance Group said it will jump into the surety market with a planned agreement to buy IFIC Surety Group Inc. Neither side is disclosing financial terms of the acquisition deal, which will ...
Better Ways Needed for Human Drivers to Take Over Autonomous Vehicles When Necessary: Experts
Autonomous cars should be required to meet standards on their ability to detect potential hazards and better ways are needed to keep their human drivers ready to assume control, U.S. auto safety and ...