Loss Control

The Reinsurance Association of America is voicing strong support for legislation being considered by the Florida legislature aimed at encouraging insurers to offer private alternatives to covering flood risk.

Despite growing concern about risks, private companies largely report wide gaps in coverage and lack of understanding about professional and management liability insurance, according to Chubbs 2013 Private Company Risk Survey.

Fully autonomous self-driving cars will completely take over roadways before mid-century, predicts data analyst IHS Automotive, creating complex questions about accident liability and safety risk management to auto insurers and brokers.

Three new schools will open in Joplin, Missouri, this week, the latest step in the town's recovery from a devastating 2011 tornado that killed 161 people and destroyed 8,000 buildings.

Federal officials may require new cars to include vehicle-to-vehicle (V2V) technology that can warn drivers of an upcoming crash several vehicles removed from the collision, an ABC News article states.

Though many predicted another year of record-setting catastrophic destruction, 2013 passed without even one major hurricane.