More investment in nanotechnology research needed, says National Research Council

Scientists from the National Research Council in the U.S. are urging insurers to invest more money in studying nanotechnology. The technology has advanced significantly in the past decade and now holds major promise in medical applications and consumer products. Council scientists say that the potential health hazards of the technology are not yet fully understood and that an additional $24 million a year is required to fill in the knowledge shortfall. Without an intimate understand of the risks associated with nanotechnology, consumers could face unforeseen dangers that will have a…

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Allstate to drop homeowners if they do not get their auto insurance from the company

In an effort to rein in on risk in North Carolina, Allstate has begun dropping homeowner’s policies for those that refuse to also purchase their auto insurance from the company. The 45,000 homeowners Allstate currently provides coverage for in the state have been informed that they must switch their auto insurance policies over to Allstate by December 15 of this year or risk losing their home insurance policies entirely. The company cites risk management as the driving force behind the initiative. Those that lose their coverage from Allstate are not…

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