Security risk

First-quarter profit fell 27 percent as claims costs climbed at the property/casualty business.

Peter Hahn, formerly of McKinsey, now is responsible for improving business decisions and risk insights.

Research by McKinsey and the World Economic Forum points to a widening range of technology vulnerabilities and potentially huge losses in value tied to innovation.

Lucky Gallagher and Chuck Magazine have earned spots in the 2014 Risk Management Hall of Fame.

Having driven nearly 700,000 autonomous miles, Google’s self-driving car now is taking on the hazards of city driving.

Version 14.0 of the risk, safety and claims management software includes a relationship management application.

The two-year delay in the implementing new regulatory requirements has helped European insurers’ confidence, Ernst & Young says, but almost 76 percent do not yet meet reporting requirements.

Travelers, the only property/casualty insurer in the Dow Jones Industrial Average, said profit climbed to a record in the first quarter on investments and expanding margins.

The partnership will offer an RMIS product designed to improve workflow and decision-making.

Access to a growing number of models through a single platform enables insurers to build a more complete view of risk while achieving operational efficiencies in underwriting and portfolio management.

Casualty Actuarial Society forms a task force to advance research into cyber risk and cyber insurance.

Keefe, Bruyette & Woods leaves ratings unchanged due to the generally stable operating environment, but analysts are adjusting earnings-per-share estimates because of winter weather and a flatter yield curve.

SAP's platform has been expanded to North America insurers through its cloud offering.

Buyers' market is improving, as capacity remains abundant, according to Willis Group; commercial casualty rates likely to experience single-digit increases.

Touchstone creates an open platform for insurers and reinsurers to manage their exposures and catastrophe risk.

The integration from the Property Claim Services division of Verisk Analytics is designed to align the use of precision climate business data for P&C insurers.

The new company will distribute connected car products to consumers in the UK and Canada, fleets in Europe and to vehicle makers globally, company says.

Leading companies have poured $13.4 million into defeating a ballot initiative that would give California regulators the power to reject increases in health policy premiums.

Software is designed to help detect criminal fraud rings and enable users to understand the relationships between their organizations, customers, events and third-parties.

Tom Parrent, AIG executive and industry veteran, will take on the role of chief risk officer.