News
Early California Wildfire Season Could Be Unprecedented
California's worst drought in decades is feeding what may become a devastating wildfire season, one that is starting about five months early. Extremely dry conditions have sparked 487 wildfires so ...
Regulatory Compliance at Top of Financial Executives’ Worry List
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility, according to today's survey of 400 financial companies by ...
U.K. Floods Could Cost Insurers $822M: Deloitte
Floods and storms pounding the U.K. may cost the insurance industry at least 500 million pounds ($822 million), a figure that may double if the weather conditions persist, according to a partner at ...
P/C Combined 97.6 for 2013; Commercial Outlook Still Negative: A.M. Best
A relatively quiet year for catastrophes helped the U.S. property/casualty industry achieve an underwriting profit for the first time in four years, according to A.M. Best. The industry managed its ...
RMS Releases New Models for U.S. Convective Storms, China Typhoon
RMS announced Monday that it has released new views of risk for U.S. and Canada Severe Convective Storm (SCS) and China Typhoon. According to the Newark, Calif.-based firm, the new versions of these ...
‘Wal-Mart Effect’ Seen Dampening Crime Rate Drops
Communities across the United States experienced an unprecedented decline in crime in the 1990s. But for counties where Wal-Mart built stores, the decline wasn't nearly as dramatic. "The crime ...
Pacific Winds Slowing Global Warming, Study Says
Stronger Pacific Ocean winds may help explain the slowdown in the rate of global warming since the turn of the century, scientists said. More powerful winds in the past 20 years may be forcing warmer ...
Towers Watson Releases UBI Auto Insurance Model
Towers Watson has launched DriveAbility 2.0 Score, an analytical scoring model designed for the automobile insurance industry. DriveAbility 2.0 Score includes a GPS version with location-specific ...