Risk
FEMA Explores Added Expansion of Disaster Reinsurance Program
The federal government, seeking to protect itself from the growing cost of natural disasters, is borrowing a technique from the private sector and buying reinsurance. The Federal Emergency Management ...
Coalition’s Cyber and Tech E&O Coverage to Be Offered Through Big ‘I’ Markets
Cyber insurance startup Coalition inked a partnership deal with Big "I" Markets that will give it a broad market reach for its cyber and technology E&O coverage. Big "I" Markets is the online ...
Scooter Startups Offer Latest Liability Target for Personal Injury Lawyers
Bird Rides Inc. and other scooter startups have drawn fire from pedestrian advocates, politicians and annoyed citizens. Now they have a new nemesis: personal-injury lawyers. In recent months, people ...
Arch Capital Turns to Dublin for Post-Brexit EU HQ
Arch Capital Group Ltd. has picked Dublin for its post-Brexit European Union headquarters. The Bermuda-based specialty insurer and reinsurer said the new offices will help ensure continuity with its ...
Mexico Is Watching Out for Hurricane Bud
Parts of Mexico's Pacific coast, including the port city of Manzanillo, have been placed under a tropical storm watch with the eastern edge of Hurricane Bud potentially scraping the shoreline as it ...
A $42B Cryptocurrency Plunge Follows South Korean Hack Attack
The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year's slump in Bitcoin to more than 50 percent. Some observers pinned the ...
Even With Few May Tornadoes, U.S. Storms Still Packed a Punch: Impact Forecasting
Fewer than 450 tornadoes were reported in the U.S. this year as of June 1 — an historic low going back to 1950 — but a handful of severe weather outbreaks still caused problems in May, according ...
Calif. Utility Risks Criminal Charges for Devastating Wildfires
Late Friday, California confirmed what many across the state's devastated wine country had suspected for months: Equipment owned by utility giant PG&E Corp. ignited some of the deadliest and most ...