Risk Management

New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades.

With differing effective dates, insurers must review and implement state-specific changes to several underwriting and claims functions.

It will be extremely difficult for Congress to delay a train that is nearing its destination, an insurance industry executive says in reaction to the flurry of legislative efforts to forestall flood insurance rate hikes mandated under a 2012 law.

A House Financial Services Committee subcommittee, under pressure from domestic insurance interests, is expected to demand that Federal Insurance Office Director Michael McRaith pressure European regulators to bend policy more to the liking of U.S. insurers.

WorldAware Solutions, Aon Risk Solutions travel-risk management platform, has been upgraded with an interactive map that helps companies visualize the intersection of their employees abroad and the risks of their geographic locations.

WorldAware Solutions, Aon Risk Solutions travel-risk management platform, has been upgraded with an interactive map that helps companies visualize the intersection of their employees abroad and the risks of their geographic locations.

Property and casualty insurers shed 1,400 jobs in April compared to March, an unusual occurrence that bucks the recent trend of employment gains for April, according to Insurance Information Institute President Robert Hartwig.

ICD-10 enhances communication between physician and insurer, allowing both to better assess injury severity, causation and proper treatment.