Government
Obama Urges Tighter Building Codes to Reduce Natural Disaster-Related Losses
President Barack Obama is asking the private sector to tighten building standards to reduce losses from natural disasters after studies linked an increase in extreme weather to climate change. The ...
Unlike Buffett, S&P Sees ‘Considerable’ Climate Change Impact for Insurers
While the overall impact of climate change on the insurance industry is difficult to quantify, the multilayered effects of regulation, reputation and litigation will be "considerable" over the long ...
Drones Deployed to Find Cause of Alberta Wildfire
Fire-ravaged Alberta will use drones to investigate the cause of a huge blaze that has scorched the Canadian province and displaced some 88,000 people. Elevated Robotic Services, which has also ...
Anbang Insurance Reportedly Drawing Scrutiny from Chinese Regulators
China's insurance regulator is planning to send inspectors to Anbang Insurance Group Co., a person with knowledge of the matter said, after the watchdog stepped up scrutiny of insurers' investments ...
Russian Computer Hacker Rewarded for Aiding U.S. Prosecutors
A Russian who admitted creating a computer virus that infected more than 1 million computers worldwide was spared from additional prison time on top of the the three years he's already spent locked ...
U.S. House Passes Flood Insurance Reform Bill Insurers Support
The U.S. House of Representatives passed a revamped flood insurance bill by a wide margin. If it becomes law, private flood would meet the mandatory purchase requirement of the National Flood ...
Fallout from the Travelers CGL Cyber Ruling: Insurance Buyers and Sellers Beware
Experts are cautioning both insurance buyers and sellers not to overreact to the recent federal court decision finding data breach defense coverage under a commercial general liability (CGL) policy. ...
Cyber Hacking Risks Discovered in U.S. Army’s $12M Mobile Network
A $12 billion mobile Internet network that the U.S. Army is using in Iraq, Afghanistan and Africa has significant cyber security vulnerabilities that were found in combat testing. After a review ...