Risk
Climate Stress Test for Insurers and Banks Debuts at Bank of England
The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial system to cope with climate change, saying the results will not be used to determine ...
Crash Alert: Why It’s Time for More Auto Insurance Rebates
Two insurance research analysts are warning about dangerous trends shaping up on America's roadways and asking auto insurance leaders to consider offering one-time rebates to incentivize safer ...
Insurers’ Worries Over ‘Zombie’ Firms Contribute to Rising Rates: Swiss Re
The expectation that hundreds of so-called zombie companies will fail over the next few years and drag on the economy is among the major concerns prompting insurers to reduce risk and charge higher ...
Big Picture Leaders Less Likely to Invest in Unfamiliar Cutting-Edge Tech
Forget the 30,000-foot, big-picture view. When faced with a cutting-edge technological idea, business leaders who approach the idea in more concrete "how" terms—rather than in abstract "why" ...
Amazon’s Bezos Announces Out-Of-This-World Risky Next Act
Amazon's billionaire founder Jeff Bezos said on Monday that he and his brother Mark will fly on the first crewed space flight from his rocket company Blue Origin next month. "Ever since I was five ...
Time For Insurers to Reassess ‘Grim’ Cyber Insurance Market: AM Best
With the cyber risk hazard environment—ransomware, business interruption and aggregation—worsening significantly, "prospects for the U.S. cyber insurance market are grim," according to a report ...
Federal Lawmakers Probing CNA Ransom, Cyber Insurance Payouts
Late last week, federal lawmakers requested information from Chicago-based insurer CNA about a March 21 cyber attack on the company and about a reported $40 million ransom CNA paid to end the ...
‘We Can’t Do It Alone,’ Says White House in Urging Companies to Upgrade Cybersecurity
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a major ...