News

Moodys Investors Service says insurance broker Aons decision to move its headquarters from Chicago to London will have no effect on the companys ratings.

Economic risk is the top concern on business professionals minds, according to a survey of Allianz Global Corporate & Specialty risk experts, but the same professionals say businesses are underestimating cyber risks.

Economic risk is the top concern on business professionals minds, according to a survey of Allianz Global Corporate & Specialty risk experts, but the same professionals say businesses are underestimating cyber risks.

Cruise operator Carnival Corp. says it has insurance coverage for damage and could face losses of up to $95 million after luxury cruise ship Costa Concordia ran aground off the coast of Italy on Jan. 13.

The benefits of telematics-based auto-insurance products could go beyond better risk selection and pricingand could include better fraud detection and the ability to provide feedback to consumers on CO2 emissions, fuel consumption and other factors that may lower the cost of driving, a new Celent report says.

Mitchell, a leading provider of technology, connectivity and information solutions to the property and casualty (P&C) claims and collision repair industries, has announced that its Chief Technical Officer Erez Nir has been nominated as a finalist for the Trace3 IT Outlier Award for 2012.