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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.

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Data 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...

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Mid-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.

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U.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.

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Air Worldwide rolls out model to gauge flu pandemics

Catastrophe risk modeling firm Air Worldwide Corp. has released its first model for pandemic flu.

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Bank 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...

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U.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...

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Coal 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.

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Managing 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.

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Risk 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...

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Insurer 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.

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Former 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...

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World 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...

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AIG 'welcomes' closer regulatory scrutiny

American International Group Inc.

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High 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.

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NFL, 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...

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As 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...

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Insurers 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.

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Deadly 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.

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North 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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