News
Cat Bond Issuance Hit $2.3B in Q1 as Market Habits Shifted: PCS
Catastrophe bond issuance reached $2.3 billion in the 2017 first quarter, a record level that landed slightly higher than the same period a year ago, the Property Claims Services Unit of Verisk ...
Congress Passes Bill to Boost National Weather Service Forecast, Storm Warning Research
The National Weather Service would have to boost research – including some from private companies – to improve forecasts and storm warnings under a bill headed to President Donald trump's desk. ...
Yahoo Sued for Allegedly Failing to Safeguard Funds for Chinese Dissidents
Yahoo Inc has been hit with a lawsuit saying it failed to safeguard more than $17 million it pledged to help jailed Chinese dissidents in a 2007 settlement. The lawsuit, filed on Tuesday in federal ...
ISO Will Help Collect Insurance Terrorism Data for Federal Coverage Program
ISO will collect, aggregate and help analyze terrorism data for the U.S. Department of the Treasury that, starting this year, will be required from insurers participating in the federal Terrorism ...
AmTrust’s Stock Plunges After Media Report Alleges 2014 FBI Investigation Over Accounting Practices
AmTrust Financial saw its stock price plunge nearly 19 percent Tuesday following a Wall Street Journal report alleging a 2014 FBI investigation of its accounting practices. The New York-based ...
Usage-Based Insurance Apps: Opportunity or Obstacle?
It's been almost a decade since Progressive launched its usage-based insurance (UBI) program, Snapshot, aimed at more closely aligning driving behavior with auto insurance rates. And although other ...
2017 Atlantic Hurricane Prediction: A Slightly Below-Average Season
Colorado State University hurricane researchers are predicting a slightly below-average Atlantic hurricane season in 2017, citing the potential development of El Niño as well as recent anomalous ...
A Surge in Dog Bite Claims Stems Partially From Larger Settlements
Fido's getting more aggressive. Insurance claims for dog bites jumped 18 percent to 18,123 last year in the U.S., according to an industry group. The average attack cost $33,230, a decline from 2015, ...