News
Takata Irks Regulators by Rejecting Broader Air Bag Recall Request
The top U.S. auto-safety regulator told lawmakers there is no way Takata Corp. can justify limiting an air bag recall to only high-humidity states. David Friedman, the deputy administrator for the ...
New ISO Coverage Endorsements Counter Ebola Hits on Business
ISO is responding to concerns about Ebola with the development of two new coverage endorsements designed to help businesses when the virus strikes. Specifically, they're structured to assist ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Allstate to Assist in Drone Development for Catastrophe Claim Work
Allstate Corp., the largest publicly traded U.S. home and auto insurer, said it will help research and develop uses for unmanned aerial vehicles to review damages after disasters. Allstate joined a ...
ACE Division Rolls Out Vacant Building and Land Insurance Products
With more than 10 million commercial and residential properties unoccupied in the United States, exposing owners to a host of potential exposures, ACE Commercial Risk Services has launched Vacant ...
Businesses Already Using, Testing Autonomous Vehicles
While private passenger autonomous vehicles are still being tested by Google and other car manufacturers and state legislators mull rules governing driverless vehicles on roadways, their commercial ...
Want to Play Rating Agency? There’s an App for That
Rating agency Standard & Poor's announced Wednesday that it is introducing an Insurance Credit Scenario Builder, a new credit tool available on the S&P Ratings iPad App and on the web. ...
2014 May Be Warmest Year on Record: WMO
Record-high ocean temperatures will make 2014 the hottest year on record—or at least among the very warmest—in evidence of a long-term trend of global warming, the U.N.'s weather agency said on ...
Willis Re Unveils Japan Tsunami Model in an Industry Milestone
Willis Re has come up with a Japan tsunami model, something it asserts is a first-time milestone for an extreme weather event whose resulting losses have been hard for the industry to understand. In ...