Risk
Hannover Re Transfers Cyber Risks to Capital Markets via Proportional Reinsurance
Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly in coverage of its cyber risks through a quota share cession. ...
Drenching In California: Most Homeowners Have No Flood Insurance
Last Sunday morning, Kyle Starks woke up to floodwaters that reached the door of his Jeep after yet another heavy rain storm drenched California. Emergency crews showed up with boats to float Starks ...
Insurance’s Wildfire Crisis: Three Keys for Rethinking Risk, Response
A year after the Marshall Fire devastated suburban Colorado in the dead of winter, property/casualty insurers worldwide are grappling with the new realities of wildfire risk. They'll need a ...
Fewer Companies Are Paying Ransoms to Hackers, Researchers Say
Fewer companies that are infected with ransomware are coughing up extortion payments demanded by hackers, according to new research from Chainalysis Inc. In findings published on Thursday, the ...
Cyber and Business Interruption Top 2023 Threats: Allianz Risk Barometer
According to Allianz's Risk Barometer 2023, cyber incidents and business interruption rank as the biggest company concerns for the second year in a row.
U.S. National Transportation Safety Board Chair Jennifer Homendy on Wednesday raised concerns about the increased risk of severe injury and death from heavier electric vehicles ...
Size Matters: Risks of Injury, Death Rising As Heavy EVs Hit U.S. Roads, NTSB Says
JPMorgan Must Face Suit by Ray-Ban Maker Unit Over Cyber Theft
JPMorgan Chase Bank NA will have to face a lawsuit by a unit of the French maker of Ray-Ban glasses that claims the bank ignored suspicious transactions as cybercriminals drained $272 million from ...
Flood Insurance Coverage Perceptions Out of Whack With Reality: Survey
Three quarters of over 1,000 homeowners surveyed across 40 states earlier this year said they have flood insurance coverage, but the true number is less than 5 percent, according to a report ...
Tequila, Footwear Attract Cargo Thieves
In an announcement released about a week before the Christmas holiday, Verisk's CargoNet reported that extremely elevated supply chain theft activity was expected to continue into the holiday season ...