Risk
Travelers: Cyber Risks Now a Top Consumer Concern
Just as property/casualty insurers are increasingly worried about cyber risks, it turns out consumers fears are growing rapidly right there with them, according to The Travelers Companies' 2015 ...
Hurricane Joaquin Update: It Could Miss the U.S. Coastline
Forecasters can't completely rule out a U.S. East Coast strike by Hurricane Joaquin but are more optimistic it will miss, even as the "extremely dangerous" storm pounds the Bahamas with high winds, ...
Manmade Threats Growing
Manmade threats are becoming increasingly significant, bringing potentially huge losses to cities, which could present a major risk to the world's future global and economic growth, according to ...
Allianz, AIG, Others Start Commercial Drone Insurance Association
Allianz and AIG partnered with a major aviation insurer, a specialized broker and an attorney to launch a new trade association focused on the surging commercial drone industry. The Unmanned Aircraft ...
ACE Launches Debuts VC Liability Coverage in Hong Kong, Singapore
Ace Group unveiled "bespoke" private equity and venture capital liability insurance in Hong Kong and Singapore, reflecting a continued focus on growing its customer base in Asia. The ...
Hurricane Joaquin’s Emergence Creates Massive East Coast Risk Potential
The weather outlook for the eastern U.S. is starting to resemble the plot of a 1970s disaster movie in which everything that could go wrong did. From the mid-Atlantic to the Northeast, the coastal ...
Insurers Face Major Exposure to Climate Change Risks: Bank of England Governor
Bank of England Governor Mark Carney said UK insurers face potentially "huge" exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial ...
Russian National Sentenced in ‘Citadel’ Malware Cyber Crime Scheme
A Russian national was sentenced on Tuesday to 4-1/2 years in U.S. prison for using sophisticated malware known as "Citadel" to steal banking information from thousands of computers, authorities ...