News
U.S. at High Risk for Cyber Terrorism, Says 9/11 Commission
The terrorist threat against the U.S. remains dangerous 10 years after the 9/11 Commission issued its first report—only now the risk is greater online. In a report issued Tuesday, panel members who ...
Bain: Few P/C Outfits Excel at Both Attracting and Keeping New Clients
When it comes to building new business, the property/casualty insurance industry has split in two. Some companies in the marketplace are great at acquiring customers; others are brilliant at ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
Travelers Ordered to Pay Over $500M in Asbestos-Related Claims
A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville ...
Allstate Makes Two Changes on its Board
Allstate Corp. has made two noteworthy changes to its board of directors. The company, which is the largest publicly-held U.S. home and auto insurer, named 71-year-old F. Duane Ackerman as its lead ...
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 ...