What the city of Columbus, Miss., pays for liability insurance will increase 15 percent in 2014. WCBI-TV in Columbus reported that insurance consultant Eddie Mauck told officials this week that three or four major police claims combined with some others …
A string of cyber attacks over the holidays — involving Snapchat Inc., Microsoft Corp.’s Skype and Target Corp. — underscore how companies tend to be more vulnerable to hacking during the end-of-year season. Snapchat saw data for 4.6 million of …
Florida is joining the ranks of 29 other states and allow drivers to show law enforcement officers their proof of automobile insurance through their cell phone and other electronic means. In December, Gov. Rick Scott and the Florida Cabinet signed-off …
BP Plc’s bid to block economic-loss payments tied to the 2010 Gulf of Mexico oil spill unless the claims can be directly linked to the disaster won fast-track consideration by an appeals court. The London-based company said last week that …
RIMS, the risk management society, reports that Carolyn M. Snow will be president for the 2014 term. Snow is the director of Risk Management for Humana Inc. She has been a member of RIMS for 14 years and has been …
Swiss Re Ltd., the world’s second – biggest reinsurer, fell the most in six months in Zurich trading after Willis Re said reinsurance prices slid by as much as 25 percent in the Jan. 1 renewals round. Swiss Re declined …
Teens may begin their driving habits with great caution but as months behind the wheel pass, they begin to multitask at higher frequency rates – dialing cell phones, eating, and talking to passengers – and therefore greatly raise their risk …
North Carolina Insurance Commissioner Wayne Goodwin said his agency has issued four captive insurance company licenses since the state’s Captive Insurance Act went into effect in late October 2013. The new North Carolina-domiciled captive insurance companies are: West & Joyce …
A searing heat wave is baking central and northern Australia, piling more misery on drought-hit cattle farmers who have been slaughtering livestock as Australia sweltered through the hottest year on record in 2013. Temperatures have topped 40 degrees Celsius (104° …
An article on the Lloyd’s website notes that “industrial facilities from nuclear plants to dams are increasingly coming under attack from cyber terrorists bent on causing physical damage and disruption from behind their computer terminals. But with the insurance market …
