Industry News
Catastrophe Modeler RMS Unveils New Platform
Late last week, RMS unveiled RMS(one), describing it as an "environment" that will allow insurance companies to manage all of their risk models, exposures and analytics on a single, open platform in ...Banks In Cyber Heist Face Hurdles To Get Money Back
Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, ...
Cell Phone Distracted Driving Crashes Under-Reported
Large state-by-state variations in the number of reports of fatal auto crashes that involve cell phone use are just one indication that these cases of distracted driving are under-reported, the ...Business Frets At Terrorism Tag Of Marathon Attack
President Barack Obama's declaration that the Boston Marathon bombings were an act of terrorism could make it difficult for many affected businesses to be reimbursed for losses resulting from the ...
TRIA Debate Heats Up with Charge ‘Nervous Nelly’ P/C Insurers Enjoy $7B ‘Subsidy’
A consumer advocacy group says the property/casualty insurance industry has been getting a sweet deal worth about $7 billion as a result of the federal government's program to help pay terrorism ...
Understanding S&P’s New Insurance Rating Criteria: Rodney Clark Q&A
Late last month—in advance of the May 7, 2013 publication of a new rating methodology for insurers by Standard & Poor's—S&P Managing Director Rodney Clark gave Carrier Management a ...Starr Gets Philippine General Insurance License
Starr International Insurance (Asia) Limited has received approval from the Philippine Insurance Commission to establish a branch office to provide general insurance. Starr's Philippine operation ...
As in Greenberg Case, New York May Drop Claims Against BofA Over Merrill
Last month, New York Attorney General Eric Schneiderman withdrew claims for up to $6 billion in damages against former AIG chief Hank Greenberg. Now, another big case - against Bank of America over ...