U.S.
FAA Chief Says Drones Near Airports are ‘Serious Concern’
U.S. regulators are increasing enforcement and trying to educate drone pilots to minimize risks to commercial traffic posed by the small unmanned aircraft, the nation's aviation chief said. The ...
Many Injured BP Oil Spill Workers Must Sue Again to Get Paid
BP Plc, having pledged billions of dollars for damages caused by the 2010 Gulf of Mexico oil spill, won't have to make payouts any time soon to more than 95 percent of the workers hurt while cleaning ...
A.M. Best Throws Some Cold Water on RenRe’s M&A Plans
A.M. Best has thrown some cold water on RenaissanceRe Holdings Ltd.'s $1.9 billion stock and cash bid for fellow Bermuda reinsurer Platinum Underwriters Holdings Ltd. The insurance rating entity ...
Hack Attack Hits Sony Pictures Entertainment Hard
Sony Pictures Entertainment said its computer system was down for a second day on Tuesday, following media reports of a major hacking attack aimed at the film and television studio. Before Sony ...
Polar Vortex is Spiking 2014 Winter Storm Losses: I.I.I.
Insured losses from winter storms in the U.S. will climb well above $2.5 billion in 2014, double the annual average over the previous two decades. You can thank the polar vortex for much of the ...
East Coast Storm Prediction Adds Risk to Thanksgiving Travel
A coastal storm may spread more than 7 inches of snow from northern New Jersey through central Massachusetts while sparing New York City any deep accumulations for the Thanksgiving holiday travel ...
Hurricane Sandy Victims Allege Companies Manipulated Claims Reports
Wright National Flood Insurance Co. and U.S. Forensic LLC, an engineering firm, were sued by New York homeowners who claim the companies conspired to manipulate reports and avoid paying for damages ...
Liberty Mutual Launches New Cyber Coverage Products
Liberty Mutual is beefing up its commercial and business policies with enhanced, flexible cyber coverages – yet another major insurer responding to the growing risk of computer-related data ...