Industry News
Amtrak Crash Investigation Continues; Engineer Remembers Very Little
Amtrak began clearing overturned cars and replacing track in efforts to reopen the Northeast Corridor line as investigators sought to interview the engineer who is said to have no recollection of the ...
Hiscox Dishes the Details on Small-Company Employee Theft
Employee theft costs U.S. companies with less than 500 people a median loss of $280,000 annually, affecting a wide range of industries, specialist insurer Hiscox found in a new report. What's more, ...
CROs Concentrate on Capital Standards and Regulatory Changes: Ernst & Young
These are the things that worry insurance company chief risk officers the most right now: confusing capital standards, more regulations and oversight, and integrating risk management with business ...
AIG Moves Investment Exec Schreiber to M&A Leadership Role
American International Group Inc. named dealmaker Brian Schreiber chief strategy officer as the insurer shifts to expanding through acquisitions after years of contracting through asset sales to ...
Swiss Re Predicts More M&A Due to New Regs and Capital Surge
New regulations and an influx of alternative capital will spur more mergers and acquisitions in the insurance industry, Swiss Re AG said. "We expect to continue to see a certain shakeout in the ...
Cyber Risk Shortfall: Company Property Assets More Broadly Protected Than IT
A new industry survey underscores how companies aren't yet adequately covering their information technology risks, even as as cyber vulnerabilities rapidly become more costly and serious. Among the ...
Insurity Grabs Oceanwide in Bid to Build Bigger P/C Industry Software Provider
A Connecticut company that supplies software, data processing and analysis for property/casualty insurers and agents has snatched up a Canadian rival in a bid to diversify. Insurity said it has ...
First Licensed Autonomous Freight Truck Hits the Road in U.S.: Daimler
In a ceremony at Hoover Dam last week, Daimler Trucks North America (DTNA) unveiled the Freightliner Inspiration Truck, what it says is the first licensed autonomous commercial truck to operate on an ...