Recent catastrophes have highlighted lingering problems for property & casualty insurers: Do carriers understand what their risks are and can they locate their policies and assets. In other words: location intelligence.

Each year in the U.S., 1,200 tornadoes on average kill 60 people, injure 1,500, and cause roughly $400 million in damages, putting long-term average tornado losses on par with hurricanes, according to a new report by Lloyds of London.

A federal judge has put American International Group Inc's dispute with a financial crisis-era bailout vehicle on hold while another court addresses the insurer's separate $10 billion lawsuit against Bank of America Corp over defective mortgages.

StoneRiver, Inc., an insurance technology solutions partner across multiple business lines, announces the introduction of CompSuite, StoneRivers Software as a Service (SaaS) solution for workers compensation. CompSuite is positioned to address the workers compensation business needs of the mid-market insurance carrier, third-party administrator, and managing general agency initiatives.