Government
Insurance Innovation Can Tackle Global Environmental Disaster Risks
Property/casualty insurance industry innovation can help tackle environmental disaster risks as they emerge around the world, a Willis executive and UN official assert. Margareta Wahlström, the UN ...
Economic Losses From Natural Disasters Could Hit $750 Billion Annually in 15 Years: AIR Study
Economic losses from global natural catastrophes likely will triple over the next 15 years, unless steps are taken to reduce bad development choices, according to preliminary results of a catastrophe ...
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 ...
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. ...
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 ...
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. ...
Denial of Earthquake Claims Incurs Warning From Oklahoma Commissioner
With the dramatic increase in the number of earthquakes in Oklahoma — which some say are at least partly attributed to waste water injection wells related to the practice of hydraulic fracturing in ...
Chance of California Mega-Quake Rising: USGS
Scientists are virtually certain that California will be rocked by a strong earthquake in the next 30 years. And now they say the risk of a mega-quake is more likely than previously thought. The ...