International News

Move Over Drones, Flying Cars Ready to Sell

It may not be quite like the Jetsons, but for over a million dollars you too can soon fly around in a car. A Slovakian company called AeroMobil unveiled on Thursday its version of a flying car, a light-framed plane …

AIG: Large M&A Deals Can Lead to Costly Insurance Claims

The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study of its representation and warranty …

Robot Surveillance Could Improve Safety

Cornell University researchers are developing a system to enable teams of robots to share information as they move around, and if necessary, interpret what they see. This would allow the robots to conduct surveillance as a single entity with many …

U.K. Car Insurance Rates May Rise 28% to Record $1,200 a Year

U.K. drivers may have to pay more than 1,000 pounds ($1,200) annually for car insurance next year, a 28 percent increase, after the government cut a key rate to calculate claims payments. The average U.K. car insurance premium rose 1.8 …

Business News: Hanover Stone Partners, Trov, Price Digests

Hanover Stone Partners Establishes Practice Group to Help Employers Control Workers’ Comp Costs Hanover Stone Partners, a risk management services firm with expertise in a broad range of critical risk disciplines, announced it has established a dedicated, national practice group …

Hyundai, Kia Recall 1.4 Million Cars Due to Stalling Engines

Hyundai and Kia are recalling 1.4 million cars and SUVs in the U.S., Canada and South Korea because the engines can fail and stall, increasing the risk of a crash. The recall covers some of the Korean automakers’ most popular …

New Resilience Study Aids Governments in Preventing Disaster-Related Loss

Hurricanes, wildfires, tsunamis and other disasters cannot be stopped, but countries can plan for them — something some areas of the world seem to do better than others, according to a new study published in the journal Risk Analysis. Oceania, …

People News: Safety National, Navigators, Ohio Insurance Director

Timmel Joins Safety National as National Director of Cyber and Technology Safety National announced that Spencer Timmel, CIPP/US, CIPM, joined the company as national director of Cyber and Technology. In his new capacity with Safety National, Timmel will be responsible …

Commercial Property Insurer FM Global Reports Rise in Gross Premium, Profits in 2016

FM Global, a global business property insurer, posted an improved combined ratio of 83.2 percent in 2016—compared to 85.3 percent a year earlier—which was a market-leading result for the fourth consecutive year. Total gross premium in force increased to $5.43 …

Top 10 Causes of Liability Losses Include Bedbugs, Crashes and Defective Products

Not only are liability losses increasing but they are getting more expensive, particularly in relation to global product recalls, corporate liability, cyber and environmental incidents, according to a new report by Allianz Global Corporate & Specialty (AGCS). Global Claims Review: …

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