Risk
U.S. P/C Insurers Produced $4.7B Net Underwriting Gain Through Q3 2018
The U.S. property/casualty insurance private market produced a $4.7 billion net underwriting profit over the first nine months of 2018, according to a new report from ISO/Verisk and the American ...
Pentagon Warns Climate Change Poses Dire Risks to Bases and Troops
The U.S. Defense Department has issued a dire report on how climate change could affect the nation's armed forces and security, warning that rising seas could inundate coastal bases and ...
Cash-Starved California Utility Won’t Commit to Paying 2015 Fire Victim Settlements
PG&E Corp. is so cash-starved that it won't commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a ...
Failure to Reduce Climate Change Is Among Top Global Risks: WEF
The risk that global efforts to tackle climate change will fail has risen despite concerns about powerful storms, floods, and droughts, a survey released by the World Economic Forum said on ...
Cryptojacking: Where Stealth Meets Payoff
Most of us are well aware of ransomware and how prolific of an attack vector it has become. Attacks such as SamSam, WannaCry, NotPetya, Petya and others have resulted in significant economic damage ...
Companies Fear Business Interruption and Cyber Attacks the Most: Allianz Risk Ranking
Business interruption and cyber incidents remain the top two business risks, but other challenges such as tariffs and Brexit are gaining ground, according to the 2019 Allianz Risk Barometer. ...
May’s UK Brexit Divorce Deal Fails by 230 Votes, No Confidence Vote to Follow
British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a ...
Swiss Re Expects Approximately $1 Billion in Q4 Cat Claims
Swiss Re estimates it will pay claims of approximately $1 billion for natural catastrophes booked in the fourth quarter of 2018, with the largest generated from California wildfires and Hurricane ...