Domestic insurance companies reported mixed third-quarter results, with State Auto taking a net loss, although a narrower loss than last year, while EMC Insurance Group and Safety Insurance Group reported higher net income.

What is Big Data in real life? Generally accepted definitions are something like this: data sets that are so large and complex they cannot easily be processed or analyzed by traditional database tools. That doesnt really tell us a lot. There are new tools that allow us to manage large...

New York City's parks and beaches will be closed at noon on Wednesday for at least 24 hours as a new storm system approaches just over a week after superstorm Sandy devastated the region with widespread flooding and wind damage, the mayor said on Tuesday.

Brian Duperreault, the chief executive of Marsh & McLennan Companies says the insurance industry has plenty of capacity to handle losses from Hurricane Sandy, but underwriters will be taking a closer look at the region in the future.