risk assessment News

Claims Business: ClimateCheck, Mitchell and Crawford & Co.

Startup Offering Free Climate Risk Checkups ClimateCheck, a San Francisco startup, is offering consumers free reports that assess the vulnerability of individual properties to climate-related risks such as wildfires and flooding. The company said in a press release that ClimateCheck …

USDA Limits Review Requirements of Some Biotech Farm Products

CHICAGO — The U.S. Department of Agriculture announced on Thursday a rule that will simplify or waive agency reviews of certain biotech farm products, including plants and seeds that have been genetically modified or engineered. As a result, some products …

Official’s Call to Ground Southwest Jets Prompts Clash

A Federal Aviation Administration official wrote a memo last month saying that Southwest Airlines Co. should ground 49 of its airliners because repairs were performed that didn’t meet legal standards. There is “a high likelihood of a violation of a …

Risk Remains a Fact of Life for Coast Guard Crews

When the call comes in, as it did on a frigid April morning, rescue crews from Coast Guard Sector Delaware Bay are expected to be ready and under way within a half-hour. About 8:30 a.m., a passing vessel reported a …

P/C Industry Depends Too Much on Catastrophe Models, Says Pioneer Clark

Catastrophe models are a great risk management tool for property/casualty insurers but even the person who created the first one is worried that they are being given more credit and influence than they deserve. Karen Clark is an expert in …