Risk
Rating S&P’s New Method: Transparency Improved, But Execution Consistency Falls Short
In May, Standard & Poor's confirmed that it had finalized a 10-month "Request for Comment" (RfC) process around proposed changes to the rating agency's criteria for rating insurers and ...
Wells Media Launches Carrier Management Print Magazine
Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the ...
Florida’s Property Insurer Avoids Storms, Piles Up Cash As Its Bonds Suffer
Florida's government-run insurance system has amassed record cash reserves as hurricanes bypassed the state since 2005. That hasn't helped investors in its bonds, with some trailing benchmarks by the ...
Arkansas Homeowners Settle Suit Charging Fracking Wastewater Caused Quakes
Five Arkansas residents who sued two oil companies claiming wastewater disposal wells from fracking caused earthquakes that damaged their homes settled with the companies for an undisclosed sum on ...
Tornadoes Prefer Higher Elevations, Cause Greater Damage Traveling Uphill
A recent investigation of the effect of terrain elevation changes on a tornado's path shows tornadoes cause more damage going uphill than downhill. Engineering researchers at the University of ...U.S. Firms Seen as Targets of Syrian Cyber Attacks
The U.S. is planning for a possible wave of computer attacks against companies by hackers connected to Syria or Iran in retaliation for any military strike against the government of Bashar al-Assad, ...New York Regulator Eyes Lloyd’s Internal Probe in Iran Sanctions Inquiry
A New York regulatory investigation of Lloyd's of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar ...
Texas Earthquakes Tied Extraction in Fracking: Study
A recent wave of small earthquakes in and around the Eagle Ford formation in Texas was probably the result of extracting oil and in some cases water used for hydraulic fracturing, according to a ...