Risk
Nationwide to Lawmakers: Incentive Needed for Resilient Home Standards
On Monday, Nationwide Insurance called on the federal government and state legislatures to introduce and pass legislation that will provide incentives for consumers, homebuilders and contractors to ...Graphic Insight: Step-by-Step Guide to Assessing Nonmodeled Risks
In a related article, "From Sinkholes to Tsunamis: Assessing Nonmodeled Risks That Matter to Your Company," Hanover Insurance Group's Prateek Chhabra gives a step-by-step guide to identify, assess, ...
From Sinkholes to Tsunamis: Assessing Nonmodeled Risks That Matter to Your Company
The degree of uncertainty for modeled perils draws a lot of attention from most insurance companies. A significant amount of resources are put into improving data quality, modeling assumptions, model ...
Auto Industry Struggles to Solve Air Bag Explosions Despite Mass Recalls
A year ago, Japan's Takata Corp., the world's second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making. It was wrong. Japanese car makers ...
Plenty of Insurance Capacity But Tricky Contract Wording for Oil and Gas Risks
The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their ...
The Fracking Question: To Insure or Not to Insure?
When it comes to the use of evolving technologies in oil and gas production—such as hydraulic fracturing, or fracking—insurance companies are faced with one big question: to insure or not to ...
House Committee Votes on TRIA With NARAB Amendment, FSOC Moratorium
The Republican House Financial Services Committee (HFSC) voted 32-27 in a party line split Friday morning to renew the Terrorism Risk Insurance Program (TRIA) for five years, sending the measure to ...
Top 10 States for Lightning Claims in 2013: I.I.I., State Farm Analysis
According to the Insurance Information Institute, Georgia was the top state for lightning claims in 2013. The state had an estimated 11,184 claims paid to policyholders, totaling $56 million. Texas, ...