Lloyd’s and modeling company Arium have launched a tool designed to enable insurers and reinsurers to model liability exposure probabilistically across their entire portfolios, Lloyd’s announced. “The new approach categorizes casualty events based on a company’s business activities – its …
Demolition of a major plutonium plant at the Hanford Nuclear Reservation in Washington state has resumed after radioactive contamination was detected in a rubble pile. The work restarted this week at the Plutonium Reclamation Facility after being halted in late …
The leaky dam at Hyatt Lake in Oregon is being shored up this summer as part of a $3.7 million seismic retrofit. The Mail Tribune reported the project will bring the dam east of Ashland into safety compliance after a …
A self-driving car company founded by Google is presenting new evidence to support allegations that a former manager stole technology sold to Uber to help the ridesharing service build its own robot-powered vehicles. Waymo, a project hatched by Google eight …
Those uppity insurtech startups might want to take note: About one of every 15 U.S. homeowners insurance policyholders files a claim each year and these claimants are now giving insurers their highest ever satisfaction ratings. The J.D. Power 2017 U.S. …
A hotel manager stands accused of stealing more than $1 million from his boss, including draining a $600,000 insurance annuity belonging to the victim. State authorities say Vikas Mehta was recently indicted on charges of identity theft, money laundering, theft …
A request by Windsor-Mount Joy Mutual Insurance Company (WNMJ) to increase insurance rates on more than 2,000 manufactured housing policyholders in Delaware by 20%-30% has been denied by Delaware Insurance Commissioner Trinidad Navarro, according to a press release issued by …
MMG Insurance Company, a regional property and casualty insurance company headquartered in Presque Isle, Maine, has promoted Steve Morgan to casualty claims manager, effective March 8, 2017. Morgan joined MMG in 2014 as the department’s assistant manager. With a diverse …
A late-winter storm is about to bury the eastern U.S. in snow. Airlines have canceled thousands of flights, wholesale power prices surged and natural gas futures rallied as the storm prepared to spin up the Atlantic Coast, threatening New York …
There were startling colors here just a year ago, a dazzling array of life beneath the waves. Now this Maldivian reef is dead, killed by the stress of rising ocean temperatures. What’s left is a haunting expanse of gray, a …
