Location, Inc., a provider of location-based data and tools used by corporations for risk analysis, has introduced a new risk index to help insurers address structure fire losses due to human negligence. Insurers often associate structure fires with catastrophic events, …
Montpelier Reinsurance Ltd., the Bermuda reinsurance subsidiary of Montpelier Re Holdings, announced the appointment of Dr. Gero Michel as Head of Risk Analytics, a new position at the Company, effective July 1, 2012. He will focus on “enhancing Montpelier’s risk …
The Waldo Canyon Wildfire in Colorado in the state’s second most populous city has reportedly destroyed hundreds of homes – and that number may get much higher. The fire, which forced the evacuation of more than 32,000 people, has consumed …
To help business insurance customers find loss prevention opportunities and more efficiently analyze their loss experience, Travelers launched a new dashboard within e-CARMA, the company’s risk management information suite of tools and services, called Risk Analyzer. Developed by Travelers National …
Englewood, Colo.–based risk analysis company IHS Inc. has completed three acquisitions for a total of about $45 million. The buyouts include Displaybank, which provides market research and consulting services for the flat-panel display industry. That company is based in Seoul, …
People aren’t always good at making informed decisions that involve risk, but a new study shows that even when they know the likelihood of certain outcomes based on statistical evidence or their own experiences, people still make decisions at odds …
The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but could also fundamentally …
