Risk

Insurer plans to use eRiskHub's cyber risk resource portal to evaluate data security risks.

PCI lists 21 states discussing legislation that would allow drivers to use electronic insurance IDs on smart devices.

One of the largest insurance agencies in Wisconsin grows with the acquisition of Burkart-Heisdorf.

Insurer working with Command Investigations, which will provide SIU, anti-fraud services and investigative services.

Novarica survey identifies longer-term threats and opportunities for both P&C and life/annuity insurers.

New flood maps and building codes are expected in less than two years.

Head of the agriculture unit at Munich Re cites drought as the biggest cause of losses in 2012.

After President Obama reintroduced Richard Cordray as the long-term head of the Consumer Finance Protection Bureau yesterday, many were still calling for restructuring.

IMF Report says mandatory reinsurance cessions regulations are protectionist, hinder market access and growth.

More natural peril events occurred in 2012, but the losses incurred were far below the record-highs established in 2011.

A day after the National Association of Insurance Commissioners announced former U.S. Sen. Ben Nelson (D-Neb.) will be the organization’s new CEO, several industry groups have commented on the appointment.

With climate change prompting a transformation, insurers will find opportunity to take on some risk in the energy sector, which will continue to be crucial in the world economy.

From 2008 to 2011, the number of questionable claims suspected of being part of an organized group or ring activity increased by 47 percent, according to the National Insurance Crime Bureau’s “Data Analytics Forecast Report.” However, that number of questionable claims with the OGA referral reason decreased markedly in 2011 and continued to fall in in the first half of 2012.

With Own Risk and Solvency Assessment regulatory requirements approaching, P&C insurers believe the process will improve the link between their company’s enterprise risk management efforts and capital and strategic planning, according to a new Towers Watson survey.

Making agents’ lives easier with these technology advances should be on every insurer's to-do list this year, according to IIABA’s Agents Council for Technology and ACORD’s User Group Information Exchange.

Governor decries "one size fits all" system, calls for reforms to the state's no-fault auto insurance policies.

Reserving software is now adapted for evolving regulatory requirements.

Insured losses from natural catastrophes were greater than $110 billion in 2011, the second-highest figure ever recorded, according to Swiss Re in “Taking a Comprehensive View of Catastrophe Risk Worldwide,” a report from AIR Worldwide. And there is a 6.7 percent probability the insurance industry will experience a loss of this size in any given year. In 2012, insured losses totaled $65 billion, $25 billion of which are attributed to Superstorm Sandy, as estimated by Munich Re.

The clarification of certain rules, as well as information security, were among the topics discussed in two meetings this week.

20-year veteran of AIG climbs to executive ranks after four years at Zurich.