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RISK News

Potholes Cost NYC $27.6 Million in Settlements Per Year

Earlier this month, the transportation research group TRIP found that more than 80% of the major roads and highways in the New York City and Newark metropolitan areas were in poor or mediocre condition—the country’s seventh worst ranking among cities with more than 500,000 residents. According to the report “Pothole City: A Data-Driven Look at [...]

After 3 Years of Increases, Total Cost of Risk Down 1%

Buyers of commercial insurance, who have seen relatively stable to slightly increasing rates over the past three years, reported paying 1% less to cover their total cost of risk than in 2013, according to the 2015 RIMS Benchmark Survey. “The 2014 survey results reflect the overall stability of the U.S. property/casualty market. One notable driver [...]

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