Claims & Reserving
AIG Said to Be Lead Insurer on Asiana Crash in San Francisco
American International Group Inc. was the lead insurer providing coverage for the Asiana Airlines Inc. jet that crashed while landing in San Francisco last weekend, according to two people familiar ...
Canada Train Explosion Spurs Debate Over Safety of Crude Oil Shipping
A train disaster that killed five people in Quebec promises to touch off debate over the safety of shipping crude oil by rail or pipelines such as TransCanada Corp.'s Keystone XL. As authorities ...
Drugmakers Search for Safer Painkillers Amid Opioid Abuse Epidemic
Backed by a U.S. campaign to slow abuse of prescription painkillers, drugmakers are devising new forms of the medicines that don't lead to misuse and new products that treat dependency in a bid to ...
Longer-Term El Nino Warnings Promise to Help Farmers with Drought, Floods
Scientists have found a way to forecast El Nino weather events in the Pacific a year in advance, long enough to let farmers plant crops less vulnerable to global shifts in rainfall, a study showed on ...
EPLI in Southern California Playing ‘Hard’ to Get
Employment practices liability in California is a growing concern for insurers, agents and employers, and that concern has some carriers ramping up rates dramatically or quietly pulling back from the ...
New RAND Center to Study Catastrophe Mitigation, Victim Compensation
The RAND Corp. is launching a new research center that will analyze different approaches to compensating individuals, businesses and others following catastrophes ranging from natural disasters to ...
ACE Publishes Decade’s Worth Of Large Losses By Industry, Limits Data
ACE Bermuda released its "2013 Liability Limit Benchmarks and Large Loss Profile Report" this week, an annual compilation of some of the largest third-party liability losses occurring over the last ...
West Africa Piracy Surge Costs Global Economy Nearly $1B; Insurance Costs Rise
Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardize the shipping of commodities from the region. The Gulf ...