News
Canadian Earthquake Cat Modeling Gets an AIR Worldwide Revamp
AIR Worldwide revamped its earthquake model for Canada, with updates covering seismicity, paleoseismic and active fault data, among other areas. Simply put, the Massachusetts-based catastrophe risk ...
Reserve Charge, Cats to Dent State Auto Financial Earnings; EMC Down on Cats
Midwest insurers State Auto Financial and EMC Insurance Group preannounced anticipated declines in second-quarter earnings last night, with catastrophe losses hitting both companies, and a ...
Cars Need to Think Like Humans to Drive Themselves; Pollution an Issue: Auto Scientists
Automakers intending to bring driverless cars to market need to work as much on software design as mechanical engineering, the researcher leading Nissan Motor Co.'s automated-vehicle program said. ...
$23B Punitive Damage Award Against R.J. Reynolds Likely to Be Cut: Experts
A decision by a Florida jury to impose punitive damages of $23.6 billion against R.J. Reynolds Tobacco Company on Friday is likely to be rejected on appeal or the award reduced substantially, lawyers ...
How Hot Was It? Last Year Among 10 Hottest on Record: Study
Last year was one of the world's 10 hottest in records going back to the 19th century as concentrations of climate-changing greenhouses gases rose, a study showed. Four international agencies ...
Liberty Mutual Sells $750M Bond to Fund Part of Berkshire Cover
Liberty Mutual Group Inc. issued $750 million of bonds to help finance a payment to a unit of Warren Buffett's Berkshire Hathaway Inc. for covering the insurance company's liabilities tied to ...
Starr Companies Completes Ownership of Chinese Insurer
Last week, Starr Companies announced the completion of its majority ownership of Shanghai-based Dazhong Insurance Company Limited of China. Going forward, the company will be known as Starr Property ...
Smart Tech Creates New Risks for Energy Industry
Last November, Felix Lindner came very close to shutting down the power supply of Ettlingen, a town of almost 40,000 people in the south of Germany. "We could have switched off everything: power, ...