News
Australia Declares a Catastrophe as Wildfires Spread
Crews in South Australia are battling to stabilize wildfires and protect homes as a hot weather forecast in coming days threatens to fan the flames. Firefighters used planes from neighboring Victoria ...
Cyber Victims Warned Against Revenge Hacking
The hacked are itching to hack back. So say a dozen security specialists and former law enforcement officials who described an intensifying and largely unspoken sense of unease inside many companies ...
FIO Report on Global Reinsurance Industry Released
The U.S. Department of the Treasury's Federal Insurance Office released a report outlining the role the global reinsurance industry plays in the U.S. insurance industry late last year. The report, ...
Southeast Asia Pilots Taking Risks in Overcrowded Skies
The sheer volume of flights in the skies over Southeast Asia is putting pressure on outdated air traffic control and on pilots to take risky unilateral action in crises such as that possibly faced by ...
OSHA Rule Changes on Worker Death, Injury Reports Take Effect
Effective Jan. 1, 2015, all employers under the jurisdiction of the Occupational Safety and Health Administration will be required to report all work-related fatalities within eight hours. In ...
Willis Re: TRIA’s Demise Leaves Companies Actively Pursuing Alternate Coverage
Companies are actively pursuing alternative coverage to fill in reinsurance gaps left by the demise of TRIA after Dec. 31, Willis Re said in its Jan. 1, 2015 renewals report. "There are many ...
Bank of America’s Countrywide Mortgage Bonds Trigger Ambac Lawsuit
Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from ...
Apple Storage Space Shortage in iOS 8 Spurs Customer Lawsuit
Apple Inc. misleads consumers about the amount of storage space used by its iOS 8 operating system in iPhones, iPods and iPads, two users claimed in a suit targeting the software, adding a new ...