Risk
Report: Congress Nears Deal on TRIA Extension
Lawmakers are close to extending a federal program that covers a portion of corporations' losses from acts of terrorism, according to three congressional aides. House Financial Services Committee ...
Bridging the Insurance Gap in a Shared Economy
With a growing number of consumers now taking part in the "shared economy," insurers need to bridge the gap between personal and commercial insurance, says a new report from research and advisory ...
AIG CEO Urges More Private Industry Input for Flood Programs
American International Group Inc. Chief Executive Officer Peter Hancock cited government student lending and flood insurance as programs that could benefit from the perspective of private businesses. ...
November Featured Large Doses of Severe Weather: Aon Benfield
Bad weather made a huge impact in November, with four major winter weather events and resulting fatalities in the United States, global flooding and a big hailstorm in Australia generating much of ...
Allstate to Assist in Drone Development for Catastrophe Claim Work
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it will help research and develop uses for unmanned aerial vehicles to review damages after disasters. Allstate joined a ...
Businesses Already Using, Testing Autonomous Vehicles
While private passenger autonomous vehicles are still being tested by Google and other car manufacturers and state legislators mull rules governing driverless vehicles on roadways, their commercial ...
2014 May Be Warmest Year on Record: WMO
Record-high ocean temperatures will make 2014 the hottest year on record—or at least among the very warmest—in evidence of a long-term trend of global warming, the U.N.'s weather agency said on ...
Willis Re Unveils Japan Tsunami Model in an Industry Milestone
Willis Re has come up with a Japan tsunami model, something it asserts is a first-time milestone for an extreme weather event whose resulting losses have been hard for the industry to understand. In ...