Boston, MA 10/10/2014 (wallstreetpr) – Insurance provider American International Group Inc (NYSE:AIG) announced on 9th October that it has increased its exposure with respect to claims related to Class 1 railroads operated in U.S and Canada to $1 billion. The new liability limit has been defined for each occurrence, the company press note added. The reworked terms also expand the coverage with respect to catastrophic losses to the tune of nearly $1.5 billion. It claimed that the new limits represent some of the biggest liability capacities offered by insurance firms to the rail road industry. The new limits have been forced upon American International Group Inc (NYSE:AIG) by some of its biggest customers who are experiencing an extended period of heavy goods train traffic.
CME Group (NASDAQ:CME) has stepped forward to provide injection of strategic capital to big data analytics provider Powerlytics. The big data platform and services provider intends to use the proceeds from this exercise to increase its pace of produce development by entering into strategic tie up with other market leading vendors in the cloud analytics space. Powerlytics claims that it has the requisite computing power to provide BI inferences on data emerging from the nearly “144 million households and 27 million businesses” that make up the U.S economy. The two firms issued a joint communication to this effect yesterday.
Patient experience tracking software solutions provider HealthStream, Inc. (NASDAQ:HSTM) announced on 9th October that it has inked a lease agreement with developers to fit out a new Patient Interview Center in Nashville, Tennessee. It anticipates adding 200 new employees on to its rolls, over the next few quarters to man the new centre. The lease agreement covers the development of nearly 22,000 square feet of office space. The centre would be fitted with state-of-the-art infrastructure which would support company official’s effort to conduct “telephonic patient satisfaction interviews.”
