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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With public entities making major cutbacks, insurers are growing weary of the increasing risks found in state prisons
The effects of 2008’s economic recession are still being felt today, even as the economy shows modest signs of recovery. The lingering impact of economic turmoil is now being felt by public entities that are making major cutbacks to personnel and services. The insurance industry is keeping a keen eye on these government-backed entities as they are becoming increasingly exposed to risk. State prisons, in particular, have insurers worried due to the rampant overcrowding seen in such facilities throughout the U.S. The Professional Liability and Underwriting Society, a risk analysis…
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