risk News

Price Optimization Allegations Challenged, NAIC Investigating Practice

Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of America this week …

New Mexico Water Supplies at Risk, Task Force Says

Researchers from universities around the state say New Mexico is undoubtedly dealing with a dire situation thanks to a persistent drought and there’s no telling when conditions will improve. The task force of experts on Tuesday delivered their preliminary findings …

Experts: Eastern Colorado Wildfires Likely to Start on Private Lands

Fires ignited on private lands pose the most significant wildfire threats to populated areas on the eastern-facing range of the Colorado Rocky Mountains, according to risk analysts who used extensive evidence regarding a combination of forest and vegetation types, wind …

High Net Worth Carrier PURE Enters California

Call it a little luck or good timing – maybe a bit of both– but an insurer focused on high net worth individuals has added California to the list of states in which it does business at a time when …

Washington Mudslide Yields 2 More Bodies

Rescuers slogging through muck and rain Tuesday in an increasingly desperate search for survivors of a massive mudslide instead recovered two bodies and believe they have located another eight, Washington state officials said. The grim discoveries further demoralized the four-day …

Hiscox Launches Protection for Security Risks to Small, Medium-Sized Businesses

Hiscox has launched a new proactive program addressing a variety of increasing security risks faced by small and medium sized organizations and their employees. Hiscox Special Protection Solutions insurance coverage allows these organizations to address growing domestic exposures, backed by …

Report Projects L.A.’s Vulnerability To Future Sea Level Rise

Los Angelenos may expect to experience sea level rise of as much as two feet due by 2050 due to climate change, according to current projections. A team from USC partnered with the Los Angeles to gauge the impact of the …

Worries Mount Over Winter Wildfire Season Not Soon to End

A winter wildfire season offers some unique challenges for firefighters like Mike Lopez. Lopez is president of CDF Firefighters, which represents the employees of California Department of Forestry and Fire Protection, or Cal Fire as it’s best known. Lopez has …

Report: $189B in Western U.S. Properties High Wildfire Potential

Despite a little touch of some wetter and cooler weather, the 2013 wildfire season isn’t over, and the Western states in particular should be prepared for a few more potentially active months. That’s according to the 2013 CoreLogic Wildfire Hazard …

$1.6M Rating Adjustment for Oregon Restaurant and Lodging Association

Liberty Mutual Insurance’s Northwest business insurance operation announced an overall retrospective rating adjustment of more than $1.6 million for businesses participating in its Oregon Restaurant and Lodging Association group workers’ compensation insurance program. The rating adjustment reflects the ORLA’s strong …