Risk Management

Models can be extremely useful tools, but they can never replace an educated, thoughtful human brain.

Kevin Schwartz, a Butler junior, connects on first attempt

Kevin Schwartz, a Butler junior, connects on first attempt

Federal regulators Thursday moved to tighten the regulations governing the small but highly profitable forced-place homeowners insurance marketand more is on the way.

A Florida district-court judge again denied an injunction that would halt implementation of Floridas personal injury protection reform law signed in May last year.

A Florida chief inspector general report on travel expenses at the states last-resort insurer concludes that such expenses incurred by Citizens board, management and employees -- while compliant with written policies -- are excessive by state standards, and recommends that Citizens be required to follow state-travel laws.

American International Group and the Federal Reserve Bank of New York (FRBNY) are at odds concerning whether the insurer has authority to sue banks over virtually worthless mortgages they sold that drove AIG to seek a federal bailout.

Crop insurers have paid a record $11.6 billion to U.S. growers in compensation for losses due largely to widespread drought in 2012, the first money-losing year for the industry in a decade, the government said on Tuesday.