Willis launches all-risks insurance for commercial crime
Willis Group Holdings P.L.C. has unveiled a new policy, CRIMEstar, that offers commercial crime coverage using all-risks wording.
View ArticleData analytics aid decision-making, cut costs: Bermuda panel
SOUTHAMPTON, Bermuda—Data analytics and predictive modeling can help companies make better risk financing decisions and deal with claims more efficiently and cost effectively, speakers said during the...
View ArticleMid-market firms lag in adopting property risk best practices: Analysis
Mid-market companies slightly lag the national average in their adoption of property risk management best practices, according to an Advisen Ltd. analysis.
View ArticleU.S. to suspend trade benefits for Bangladesh: Source
(Reuters) — President Barack Obama is expected to announce on Thursday that the United States is suspending U.S.
View ArticleAir Worldwide rolls out model to gauge flu pandemics
Catastrophe risk modeling firm Air Worldwide Corp. has released its first model for pandemic flu.
View ArticleBank of America rejects AIG bid to reopen $8.5B mortgage accord
NEW YORK (Reuters) — Bank of America Corp has rejected a bid to reopen negotiations into its proposed $8.5 billion settlement with investors in mortgage securities, indicating it plans to take its...
View ArticleU.S. suspends trade benefits for Bangladesh over safety
(Reuters) — President Barack Obama on Thursday cut off longtime U.S. trade benefits for Bangladesh in a mostly symbolic response to dangerous conditions in that country's garment industry that have...
View ArticleCoal miner due black-lung benefits under health care reform law change
A coal miner is entitled to black lung benefits under a provision of the Patient Protection and Affordable Care Act, the 7th U.S. Circuit Court of Appeals has ruled.
View ArticleManaging access to company data via mobile devices
Employers that allow workers to access company information via personal mobile devices has broad implications for risk managers.
View ArticleRisk managers in the Mid-Atlantic and Northeast gird against flood risks
The damage inflicted by hurricanes the past few years has risk managers, especially those in the Mid-Atlantic and Northeast regions, putting a higher premium on mitigating flood risks on commercial...
View ArticleInsurer levy would help pay for U.K. homeowner flood insurance fund
The U.K. government and the Association of British Insurers have signed a memorandum of understanding to create a nonprofit fund to provide flood insurance for homeowners in high-risk areas.
View ArticleFormer FBI director Freeh to probe BP spill claims payouts
(Reuters) — Former FBI director Louis Freeh will investigate possible misconduct by a lawyer involved in making payments to settle claims by people and businesses affected by the BP P.L.C. spill in the...
View ArticleWorld suffered unprecedented climate extremes in past decade: WMO
(Reuters) — The world suffered unprecedented climate extremes in the decade to 2010 — from heat waves in Europe and droughts in Australia to floods in Pakistan — against a backdrop of global warming, a...
View ArticleHigh taxes top business executive's concerns: Lloyd's survey
Executives view high taxation as the biggest threat to North American business, according to a study that Lloyd’s of London released Wednesday.
View ArticleNFL, former players ordered to mediation in concussion lawsuit
(Reuters) — The National Football League and thousands of former football players who have sued the league for allegedly hiding the dangers of brain injury while profiting from the sport's violence...
View ArticleAs political risks proliferate, insurers step up cover
(Reuters) — Tourism, manufacturing and resources companies surveying an unpredictable world are increasingly having to consider insurance against political risks, and the insurance industry is gearing...
View ArticleInsurers look to increase IT, data spend for competitive edge
Regulatory pressures top the list of concerns among insurance executives, concludes a survey by advisory firm KPMG L.L.P.
View ArticleDeadly Quebec train crash to be fertile ground for lawsuits
(Reuters) — A barrage of litigation could soon be hitting everyone involved in Saturday's oil freight train disaster in Quebec, from the U.S. rail company to the Canadian government.
View ArticleNorth American group sets Bangladesh factory safety plan
(Reuters) — Following tragedies such as April's deadly garment building collapse, North American retailers Wednesday unveiled a five-year safety plan for Bangladesh garment factories that would include...
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