Markets
Two Verisk Divisions Address Cyber and Hail Risks With New Products
Hail and cyber attacks are two of the bigger property/casualty risks, one long-standing and the other, a fast-evolving problem. Two Verisk Analytics subsidiaries have rolled out new products designed ...
Ex-White Mountains CEO Gains New Director Role at Third Point Re
Steven Fass, a former CEO of White Mountains Insurance Group and a 39-year insurance veteran, has been named Lead Independent Director at Third Point Reinsurance. Third Point Re created the position. ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Asiana Airlines, Dozens of Passengers, Reach San Francisco Crash Settlement
Asiana Airlines Inc settled with 72 passengers of its flight that crashed at the San Francisco airport in 2013, a spokesman of the South Korean carrier said on Wednesday. The spokesman declined to ...
RMS Targets South Korea With Wide-Ranging Cat Flood Risk Catalog
RMS is rolling out a wide-ranging series of flood risk models for South Korea, the catastrophe modeling firm has disclosed. Known formally as the South Korea Probabilistic Flood Maps and Scenario ...
New Credit Card Tech Falls Short in Addressing Security Problems
New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. But despite a price ...
Insurance IT Investment Will Grow in 2015, With Large Carriers Leading
Insurers plan a healthy average increase in information technology investment for 2015. But the spending hike favors larger carriers more than their smaller rivals, a new industry report from ...
Liberty Mutual Finishes Out 2014 Strong, But Catastrophe Losses Grow
Liberty Mutual Holding Company finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number ...
Sandy Victims Reach First Set of FEMA Flood Insurance Deals
Federal disaster assistance officials have begun reaching settlements with more than 1,000 Hurricane Sandy victims who allege they were unfairly denied flood insurance claims or were compensated too ...