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Friday, February 08, 2013

AIG Survey: More Insurance Decision Makers Concerned About Cyber Threat than Other Major Risks

AIG CyberA survey of perceptions about cyber risk sponsored by the American International Group, Inc. (AIG) found that among corporate executives, more are concerned about cyber threats than about other major business risks.

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Deloitte Survey: Executives Face Growing Threats to their Supply Chains

Supply ChainAccording to a new survey from Deloitte, global executives are increasingly concerned about the growing risks to their supply chains and costly negative impacts such as margin erosion and inability to keep up w...

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Space Industry Liability Bill Passes in New Mexico House

Space travelA proposal to help New Mexico develop a commercial space travel industry is on a glide path to becoming law.

The House unanimously approved the measure on Thursday to limit the liability of spacecraft manufacturers and their suppliers.

The legislation is considered critical for ensuring that Br...

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State Farm to Cut Homeowners Insurance Rates in California

State Farm lowers CA homeowners ratesState Farm, California's biggest homeowners' insurer, is dropping rates an average of 12.6% for more than 1 million policyholders in the state beginning April 15. Customers are expec...

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Justice Department, States May Also Sue Moody's for Allegedly Defrauding Investors, Sources Say

Moody's and rate fraudThe Justice Department and multiple states are discussing also suing Moody's Corp for defrauding investors, according to people familiar with the matter, but any such move will likely wait until a similar lawsuit against rival Standard and Poor's is tested in the courts.

Inquiries into Moody's a...

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CA P/C Industry Scores Win in Asbestos Case Questioning Completed Operations, Product Hazard Limits

Asbestos caseA California judge has sided with property/casualty insurers in a case questioning coverage limits in asbestos-injury cases, finding the industry properly defined "completed operations" a...

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At Least $1 Billion in Life Insurance Benefits Go Unclaimed Every Year

Life InsuranceMillions of Americans pay for life insurance, but a new Consumer Reports investigation finds at least $1 billion in benefits aren't being paid out.

The odds of being one of them are 1 and 600, which is better than winning $100 on a Powerball ticket. While the average unclaimed life insurance ben...

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