Risk

Laura Martinez brought in to build company’s risk management programs throughout the southeastern United States.

Claims resulting from last week's EF-5 tornado total $85 million in insured losses thus far.

Financial modeling continues to grow, though at a slower pace than in 2011, survey finds.

Single-package policy designed to cover potential losses at high-profile events.

Alaskan Governor Sean Parnell has signed two pieces of legislation designed to modernize insurance laws in Alaska and enable more online transactions and interactions.

Several forecasts predict four major hurricanes and 10 or more total.

Insurer looks to use analytics for its $3.5 billion investment portfolio.

Partnership made in anticipation of integration with Vermont Health Connect, the state's health insurance exchange.

Smaller U.S. insurers with overseas parent companies are unlikely to be targeted by FSOC; American Council of Life Insurers defends foreign nonbank financial companies.

PCI applauds the passing of "No Play, No Pay" and Workers’ Comp Reform in Missouri; new legislation also permits electronic proof of insurance for consumers.

Although risk management is important among companies concerned with regulatory pressure, few maintain a clearly defined risk appetite and reward adherence to it.

New broad coverage designed to include access to risk control, claims and specialty investigations support.

As the debate over the renewal of the Terrorist Risk Insurance Act (TRIA) heats up in the United States, Aon Risk Solutions released its 10th annual Terrorism and Political Violence Map in an attempt to help companies assess risk levels of political violence and terrorism.

A committee of 11 insurer CIOs has selected nominees for the second-annual Novarica Research Council Impact Awards. Nominees include: AIG, Aegis, Erie Family Life, Great American, Nevada General, PURE, RLI and XL.

A survey of 1,000 drivers indicates they want more severe coverage penalties for phone use while driving.

Yesterday the Consumer Federation of America (CFA) released a statement that suggested a renewal of the Terrorism Risk Insurance Act (TRIA) may not be necessary given the near-record industry surplus of nearly $600 billion. Today, the Insurance Information Institute responded by emphasizing the stability TRIA continues to provide.

INN developed the ranking in partnership with Celent, an independent business research and advisory service with a specialization in insurance technology. Celent facilitated survey development, data collection and analysis. The result is an insightful set of rankings based on objective peer review.

Eighty-three percent of P&C insurers indicate that they will increase their spending over the next three years. The top three areas for investments in analytics, according to SMA’s data, “remain the risk-centric areas” of product development, underwriting and claims.

State Farm is beginning to test RightLane, which collects basic information about a person's driving via an Android smartphone.

Sandy resulted in approximately 1.5 million claims overall, 92 percent of which were completed at four months.