News
Cyclone Niklas European Insured Losses Could Hit $2B: AIR Worldwide
When Cyclone Niklas slammed into parts of Europe at the end of March, it turns out the insured losses the storm caused were substantial. AIR Worldwide estimates the final tally will range between ...
USAA Follows State Farm With Commercial Drone Test Plans
USAA plans to start testing drones as a tool to help speed review of insurance claims after natural disasters. The insurer announced on April 6 that it obtained Federal Aviation Administration ...
Hacking Attacks That Destroy Data More Widespread Than Realized
Hacking attacks that destroy rather than steal data or that manipulate equipment are far more prevalent than widely believed, according to a survey of critical infrastructure organizations throughout ...
The IMF Wants U.S. Insurance Reform to Go Further and Quicker
The International Monetary Fund said changes in U.S. insurance regulation with an eye on national and international guidelines have made real progress, but the effort remains unfinished with a long ...
A.M. Best: Solid 2014 Reinsurance Results Won’t Continue
Two new reports from A.M. Best and the Association of Bermuda Insurers and Reinsurers point to relatively strong reinsurance underwriting results in 2014, but there's a catch. Much of the improvement ...
National Weather Service Aims to Make Storm Warnings More Precise
As tornado season begins in the Tennessee Valley, the National Weather Service is implementing a warning system designed to give more specific information on approaching storms. Piloted last year in ...
Oil, Gas Drillers Run Up 2.5 Violations Daily: Study
Oil and gas drillers ran afoul of regulators on average 2.5 times a day in three energy-intensive states for mistakes such as wastewater spills, well leaks or pipeline ruptures during the boom in ...
Lloyd’s Raising Deductible on Oregon Wildfire Insurance
The state of Oregon has a chance to continue its unique insurance policy that helps pay for fighting wildfires in big burning years—but at a higher premium and deductible. Lloyd's of London has ...