Risk
Insurers See Impact from Wearables Within Two Years: Accenture Survey
Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry, according to a survey in Accenture's annual Technology Vision report. The survey of more than ...
BP Can Now Appeal Certain Gulf Spill Damages Claims
A U.S. federal appeals court said on Friday BP Plc deserves the right to appellate review of some damage claims awarded to people and businesses in connection with the 2010 Gulf of Mexico oil spill. ...
Third Point Re: U.S. Expansion Helped Grow New Business in Q1
Third Point Reinsurance Ltd. reported solid gains in net income and new business during its 2015 first quarter, driven in part by its U.S. expansion efforts. The Bermuda-based reinsurer reported ...
Willis Re: Reinsurance Capital Oversupply Makes a Bad Situation Worse
Willis Re offers yet another industry warning about the oversupply of global capital in reinsurance. The reinsurance division of Willis Group Holdings said that dedicated global reinsurance capital ...
Zurich Sees Q1 Profit Dip 4 Percent at General Insurance Unit
Zurich Insurance Group AG, Switzerland's biggest insurer, said first-quarter profit fell 4 percent on lower earnings from general insurance and higher tax payments. Net income declined to $1.22 ...
Escalating Cyber Attacks Inflict $6B Annual Cost on U.S. Health System
A rise in cyber attacks against doctors and hospitals is costing the U.S. health-care system $6 billion a year as organized criminals who once targeted retailers and financial firms increasingly go ...
Insurers to FAA: Include Us In Your Commercial Drone Initiative
The FAA's new partnership with industry to explore the use of commercial drones in newsgathering, agricultural and railroad industries is drawing a cautiously optimistic reaction from the P/C ...
BNSF Train Carrying Crude Oil Derails in North Dakota and Sparks Fire
A BNSF Railway train carrying crude oil derailed in North Dakota, setting several tank cars on fire and prompting the evacuation of nearby residents, U.S. and local authorities said. The Federal ...