News
Expert Calls For Wider Use of Blast Modeling For Possible Terrorist Attacks
While catastrophic event models focus mainly on weather-related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas ...
With AIG Veterans, BHSI Expands in Australia, New Zealand
Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia and has appointed Tony Bainbridge, previously with American International Group ...
GM Directors Escape Investors’ Suit Over Faulty Ignitions
General Motors Co. directors don't have to face investors' allegations that lax supervision allowed the company to make cars with faulty ignition systems blamed for more than 100 people their lives. ...
AIR Worldwide Releases Updated U.S. Hurricane Model
Catastrophe risk modeler AIR Worldwide has updated its U.S. hurricane model with a hydrodynamic storm surge module that integrates storm parameters with high-resolution elevation data to simulate ...
PwC: Alternative Investment Growth Set to Soar Over Next Five Years
The alternative investment industry, which includes hedge funds, private equity and real assets, is expected to grow fivefold to at least $13.6 trillion in the next half decade, professional services ...
Asiana Airlines Reportedly Faces New Class Action Suit Over 2013 Plane Crash
South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million in damages, a lawyer for the ...
Liberty Mutual Launches Telematics Option For Home Smoke Alarms
Liberty Mutual Insurance hopes to advance the use of telematics in the home, with promises of extra discounts to customers who use a high-tech smoke and carbon monoxide alarm and agree to share the ...
Progressive: Motorcycle Claims Peak in July
Progressive found that the average number of motorcycle insurance claims peaks in July, soaring 78 percent higher than in any other month, according to a review of its 2014 data. Beyond July, ...