News
New RMS Terrorism Model Accounts For Fewer Risks in Many Locales
Catastrophe modeling firm RMS revamped its terrorism model to reflect lower terrorism risks in countries including Canada, Denmark, Ireland, Italy and the United Kingdom. RMS said the changes reflect ...
The Dead and Missing Rise in Japan Landslide Tragedy
Rescue workers battled through mud for a second day in search of dozens of people still missing after torrential rain triggered landslides in the western Japanese city of Hiroshima that killed 39 ...
Why a framework to build agents is necessary, but not the same thing as AI doing insurance work. Almost every...
Global Bank Giants Face U.S. Warnings Over Risk Assessment Practices
U.S. regulators are sending some of the biggest global banks verbal warnings as they crack down on the firms' poor grasp of their own weaknesses, and push for rapid improvements in risk assessment, ...
Fitch Upgrades Rating for Hannover Re
Hannover Re has worked to maintain steady earnings and reduce its financial leverage, and Fitch Ratings has recognized the company with a ratings upgrade. Fitch said it has boosted the insurer's ...
Allied World Names New Reinsurance Head to Confront Tough Market
Allied World Assurance Company Holdings has named John Bender as its new CEO for global reinsurance operations, giving him broader responsibility for a crucial division at the company that has ...
Homeowners’ Insurance Costs Much More For Clients With Poor Credit
Homeowners with poor credit pay 91 percent more for homeowners' insurance than people with excellent credit, according to a study by an online insurance shopping service. The report by ...
Berkshire Hathaway to Pay Tiny Fine Over M&A Antitrust Snafu
Warren Buffett's Berkshire Hathaway Inc. agreed to pay $896,000 to settle U.S. claims that it violated antitrust laws when it acquired USG Corp. stock without reporting the transaction, after getting ...
Report: U.S. Nuclear Regulatory Commission Hit By Cyber Attacks
The U.S. Nuclear Regulatory Commission was "successfully hacked" three times in recent years in attacks involving tainted emails, according to an internal investigation on cyber attacks at the ...