News
Munich Re Gives Brazil Vote of Confidence; Covers World Cup Interruptions for $400M
Munich Re has up to $400 million on the line insuring against delays or cancellations of World Cup matches. The world's largest reinsurer is counting on Brazilian President Dilma Rousseff to do ...
GAO Report: U.S. Industrial Sites Challenged to Secure ‘Dirty Bomb’ Material
The United States faces "challenges" in trying to secure radiological equipment used in a range of industries that could become part of a "dirty bomb" used in an attack, the Government Accountability ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
House Opposes Boost in Truckers’ Minimum Insurance Limits
The House of Representatives voted narrowly this week voted to block the federal government from raising the minimum liability insurance limits for truckers as recommended recently by the regulatory ...
RMS Opens Fourth Asia-Pacific Office in Singapore
Catastrophe risk management firm RMS announced last week that it is expanding its Asia Pacific presence with a new Singapore office. The office, led by Paul Burgess, senior director of client ...
Top 10 Commercial Auto Insurers: Five-Year Underwriting Performance 2009-2013
A review of statutory underwriting results for the top 10 writers of commercial auto insurance reveals that those with the highest growth rates over the last five years also had the best combined ...
Leaders in Worker Payroll Hikes: Temps, Truckers in Top Ranks
If you hope to get a raise that finally feels like one, it helps to work in the right industry. Historically, at this stage in the economy's recovery, pay would be rising in most sectors. But five ...
House TRIA Draft Boosts Event Trigger, Deductibles; Formal Intro Likely This Week
The formal introduction and markup of proposed House legislation to renew the Terrorism Risk Insurance Act (TRIA) is expected the week of June 16, giving the industry hope something will move toward ...
You Have Mail—and Storm Claims on Your Policies: BMS Launches Alerts
Incoming emails alerting carriers to weather claims on their policies are now automatically generated by BMS Group's iVision catastrophe risk management system, the intermediary announced earlier ...