Markets
FIO’s McRaith: Feds Have the Backs of Insurers For Cyber Attack Threats
The federal government has the backs of insurers and their clients as they seek to protect themselves from, and adapt to, the fast-evolving threat of cyber attacks, Federal Insurance Office Director ...
AmTrust Will Grow Commercial Insurance Presence With ARI Mutual Buy
AmTrust Financial Services said it has agreed to buy ARI Mutual Insurance Company, a deal that will give it access to a number of regional commercial insurance products and related distribution ...
McDonald’s Workers in 19 Cities File OSHA Complaints
McDonald's Corp. restaurant workers from 19 U.S. cities complained to regulators on Monday that their working conditions are hazardous and have led to severe burns from hot grills and fryer oil. ...
Hartwig Defends WC Insurers in Rebuttal to ProPublica Exposé
The president of the Insurance Information Institute, Robert Hartwig, is the latest industry participant to offer a rebuttal to a series of critical articles about the workers compensation system. A ...
RIMS to Treasury: Speed Up Terror Certs
RIMS, the risk management society, submitted a comment letter to the U.S. Treasury Department calling for 90-day deadline to be set on certifying acts of terror. "A long-term extension of the ...
Dollars and Sense: Risk-Based Pricing Helps Insurers Find Opportunities
Today, many insurers believe there is no bad risk—it just needs to be priced properly. As the market trends toward more analytic- and data-driven decisions, insurers are continually exploring ways ...
State Farm Gets FAA Clearance for Drone Takeoff
Bloomington, Ill.-based State Farm announced yesterday that it is the first insurer in the United States to receive FAA permission to test Unmanned Aircraft Systems (UAS) for commercial use. ...
Cyclone Pam Highlights Need for Insurance Fund in Climate Talks
Pacific Islands devastated by Cyclone Pam at the weekend will be using the disaster to drive home the need for a globally funded insurance pool to aid in the recovery from such events when they ...