Industry News
U.S. to Unveil Voluntary Guidelines for Corporate Cybersecurity
The U.S. government is expected on Wednesday to release the final version of voluntary standards meant to help U.S. companies in nationally critical industries better protect themselves against cyber ...
Tower Group International Q3 2013 Reserve Charge Higher Than Expected
Tower Group International, Ltd. reported a bottom-line loss of $347.6 million for the third-quarter of 2013 on Tuesday, with higher than expected reserve charges contributing to the result. Adverse ...
Praedicat Launches Cloud-based Casualty Model; Mines Data from Published Science
Praedicat, the world's first liability catastrophe modeling company, announced the launch of its flagship software product, CoMeta on Tuesday. CoMeta delivers commercially-relevant analytics for ...
Carriers Pass A.M. Best Terror Stress Test; Plans Include Not Writing Cover
Insurers that faced negative rating actions from A.M. Best for failing a terror risk stress test last year were able to convince the rating agency they could survive without a government backstop, an ...
Top 5 States for Disaster Losses in 2013; Oklahoma Leads
The Oklahoma tornadoes of May 2013 contributed the state's designation last year as the costliest state for natural disaster related insurance payouts, the Insurance Information Institute reported ...
P/C Executive Views: Data Security Strategies and Cyber Insurance Sales
As cyber attackers continue to menace businesses in all industry sectors, property/casualty insurers are working to provide network security and privacy coverage. But how are the insurers managing ...
Early California Wildfire Season Could Be Unprecedented
California's worst drought in decades is feeding what may become a devastating wildfire season, one that is starting about five months early. Extremely dry conditions have sparked 487 wildfires so ...
Regulatory Compliance at Top of Financial Executives’ Worry List
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility, according to today's survey of 400 financial companies by ...