Underwriting
Hiscox Dishes the Details on Small-Company Employee Theft
Employee theft costs U.S. companies with less than 500 people a median loss of $280,000 annually, affecting a wide range of industries, specialist insurer Hiscox found in a new report. What's more, ...
Amtrak Train in Fatal Accident Reportedly Traveled Twice the Speed Limit
The New York-bound Amtrak train that derailed in Philadelphia, killing seven and injuring more than 200, was traveling at about 100 miles per hour, twice the speed limit, according to an official ...
First Licensed Autonomous Freight Truck Hits the Road in U.S.: Daimler
In a ceremony at Hoover Dam last week, Daimler Trucks North America (DTNA) unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an ...
Asia Anticipates Crop Damage as El Nino Emerges
In 2009, the El Nino brought the worst drought in four decades to India. It razed wheat fields in Australia and damaged crops across Asia. Food prices surged. A closely watched forecast by Japan on ...
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 ...
Closing the Gap: How Small and Midsized Insurers Can Leverage the Power of Big Data
The "big data" buzz that dominates so much of the P/C insurance conversation these days may not be as uniformly useful as everyone thinks. In the majority of cases, the usefulness of big data hinges ...
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 ...