Federal officials anticipate finishing by late 2014 a risk study to guide the cleanup of an asbestos-contaminated Montana mining town, after a panel of scientists backed draft results that say even a minuscule amount of the substance can lead to …
Amusement parks are not financially responsible for injuries suffered on bumper cars, the California Supreme Court ruled in an opinion published Monday. The high court said people who ride bumper cars under normal conditions automatically assume some risk – just …
Hull & Company has now opened a new marine department at its Stockton, Calif. office and named marine risk specialist Quincy M. Schmit as commercial lines marine broker. The department will offer a variety of commercial marine exposures, as well …
The Ohio Supreme Court has ruled that skiers assume the sport’s ordinary risks and can only recover damages for collision injuries by proving the other skier was acting recklessly or intentionally. The court’s 6-1 decision stemmed from a 2007 collision …
With one month to go until gender-neutral pricing becomes mandatory in the UK, the Association of British Insurers (ABI) stressed that “the insurance market will remain competitive despite the ruling and has published key consideration points for consumers set to …
More than three-quarters of a million homes in the Western U.S. have a high risk of wildfire damage, according to a report released by Santa Ana, Calif.-based CoreLogic. CoreLogic’s Wildfire Hazard Risk Report identifies more than 740,000 residences across 13 …
Catastrophe bond issuance for the last 12 months – June 2011 to June 2012 – rose to $6.43 billion – an increase of more than $2 billion over the same period in 2011, according to a report issued by Aon …
Moody’s Investors Service has maintained a stable outlook for the global reinsurance industry. Moody’s said the outlook “expresses our expectations for the fundamental credit conditions in the industry over the next 12 to 18 months.” It also “acknowledges the industry’s …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has launched “ELEMENTS 7, the loss calculation platform from Impact Forecasting, which enables insurers to more easily customize catastrophe models.” The bulletin explained that the …
Political risk insurance against conflict or breach of contract has become a key factor for investors seeking higher returns in developing markets in Africa, Asia and the Middle East. Indeed, the euro zone economic crisis and low returns in other …
