Underwriting
The Imperfect Science of Predicting Floods
Perched in a boat drifting slowly along the Red River, Dan Thomas kept one eye on a laptop and the other on a $60,000 piece of floating hardware that beamed sound waves deep into the flooding river. ...
Florida to Create Clearinghouse for Citizens Business
Florida lawmakers have approved legislation that seeks to slow the growth of the state-backed property insurer by diverting new policies into the private market while largely retaining the status quo ...
Court Upholds California Commissioner’s Authority in Mercury Rate Cut
The California Court of Appeal has upheld a Los Angeles Superior Court ruling by dismissing Mercury Insurance Co.'s lawsuit challenging Insurance Commissioner Dave Jones' authority to decrease the ...
Claims Down, Premiums Up for Reinsurers
Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest ...
Seniors Driving With Their Dogs Get In More Auto Accidents: University Study
Senior drivers who always take a pet in the car are at increased risk for being involved in a motor vehicle collision, said University of Alabama at Birmingham (UAB) researchers. In a study published ...
Page from Original Titanic Insurance Policy Sells at Auction for $25K
The original ledger page of the insurance policy for the Titanic issued by the Atlantic Mutual Insurance Co. was sold at a New York auction for $25,000. The insurance policy, number 391550, was ...
Patent Claims Cause Firms to Drop Business Lines: Study
Patent demands are taking a big toll on technology companies, with results that range from forcing companies to tweak their products to exiting their business altogether, according to a study from ...
Text-Mining Analysis Links Drug-Impaired Driving To Higher Injury Rates
"On medication" may not be one of the check boxes on carrier claims forms, but by hunting for such a description in adjuster notes, auto insurers can improve their results, a consultant reports. ...