News

The insurance industry will need to improve risk management, technology and cost-cutting strategies to survive the "deepest financial crisis and recession in two generations," a consulting firm is advising.

Risk managers tend to be more aware of vulnerabilities in their home office than in the company's outer-lying locations, writes Caroline McDonald.

Allegations that American International Group and other insurance companies are improperly handling injury and death claims of workers employed by war zone contractors have sparked a demand for a congressional probe.

In advance of its first-quarter report next month Munich Re said recent catastrophe losses have been manageable and it expects results to be "satisfactory."

Sixty-seven year old Edna Mancillas was more than just an aunt to her two nephews, Gilbert and Ricardo Blancas -- she was an accomplice in a terrifying staged auto theft scheme.

It's discouraging to see so many risk managers staying home rather than attend this year's RIMS conference in Orlando, Sam writes.