Loss Control

Its back to the drawing board for House Republicans on legislation reauthorizing a federal backstop for terrorism risk insurance.

Data breaches in the state more than tripled from 2006 to 2013, resulting in the exposure of 22.8 million personal records, according to a report released today by New York Attorney General Eric Schneiderman.

It is axiomatic that traditional insurance policies cannot be purchased to cover losses known to exist. A classic example is the homeowner standing in his basement, with water up to his ankles, who tries to order flood insurance for the first time.

What does cyber risk mean for the insurance industry going forward? The I.I.I. knows.

Commercial-insurance buyers for international construction and some property and casualty coverages are seeing rate reductions of up to 30% through the first half of 2014, thanks to overcapacity in the marketplace.

A Minnesota E. coli outbreak is being blamed on an Oriental chicken salad served at Applebee's restaurants.