News
University Researchers Working on Sinkhole Predictor
Researchers at the University of Central Florida are devising a way to predict sinkholes. The researchers said last week that they've created a sinkhole simulator to help them understand what causes ...
Chicken Producer, London Insurers Beak-to-Beak in Product Recall Battle
Foster Farms and its London insurers are facing off over the definition of "product recall" as the poultry producer seeks payment of $14.2 million in claims arising from a government-mandated ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
NFL Wins Preliminary Approval of Settlement for Concussion Suit
A federal judge on Monday granted preliminary approval to a landmark deal that would compensate thousands of former NFL players for concussion-related claims. The ruling by U.S. District Judge Anita ...
Lawson to Succeed Subramaniam as CEO of FM Global in 2015
FM Global announced Thursday that Executive Vice President Thomas A. Lawson will succeed Shivan S. Subramaniam as chief executive officer, effective Jan. 1, 2015. For now, Lawson has been appointed ...
CoreLogic: 6.5M U.S. Homes at Risk From Storm Surge
More than 6.5 million homes along the U.S. Atlantic and Gulf coasts are at risk of storm surge inundation, representing nearly $1.5 trillion in total potential reconstruction costs, according to ...
Carriers Strive to Improve Claims Technology
Insurers continue to focus on improving claims technology, according to Karlyn Carnahan, research director at Celent. The main area of improvement is the replacement of aging claims administration ...
Aviva Pledges Renewed Cost-Cutting Effort to Boost Profit
Aviva Plc CEO Mark Wilson pledged to continue cost cuts and to focus on a smaller number of markets in an effort to boost earnings of U.K.'s second-biggest insurer by market value. Wilson plans to ...
PwC Must Face $1B Lawsuit Related for Role in MF Global Collapse: Judge
A federal judge on Wednesday rejected PricewaterhouseCoopers' request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 ...