Just as underwriting predictive models helped reshape how insurers segment risks, claims models are reshaping the adjustment process.

News from Century Risk Advisors, USI Insurance Services, IICF, PetFirst, Hylant, Ironshore and AssuredPartners

A New York state judge on Friday approved most of Bank of America Corp's $8.5 billion settlement with investors over toxic mortgage securities, but left a caveat that could complicate the bank's efforts to implement the deal.

As Willis Group Holdings' new Group Head of Risk Services, John Merkovsky will work closely with the global brokerage's industry and product heads as well as its retail leadership to expand the company's team of risk specialists. Most recently, Merkovsky served as global leader and CEO for Marsh's Risk Consulting...

Aon says its 2013 fourth-quarter net income attributable to shareholders was $355 million, compared to $305 million for 2012s fourth quarter, and total revenue increased 3% to $3.2 billion.

Aon says its 2013 fourth-quarter net income attributable to shareholders was $355 million, compared to $305 million for 2012s fourth quarter, and total revenue increased 3% to $3.2 billion.

While homeowners-insurance policy exclusions can burden consumers with significant out-of-pocket expenses, expanding policies to fill coverage gaps creates a new set of challenges, such as affordability issues, lower consumer demand as rates rise and regulatory approval for risk-based rates, the GAO says.

While homeowners-insurance policy exclusions can burden consumers with significant out-of-pocket expenses, expanding policies to fill coverage gaps creates a new set of challenges, such as affordability issues, lower consumer demand as rates rise and regulatory approval for risk-based rates, the GAO says.