Risk
Prosecutors Seek Death Penalty for South Korea Ferry Captain
South Korean prosecutors on Monday demanded the death penalty for the captain of a ferry that sank in April, killing more than 300 people, and life sentences to three key crew members, a court ...
Litigation Trifecta Keeps Insurers Busy
Suits related to violations of the Telephone Consumer Protection Act (TCPA), cyber breaches and concussions remain at the top as far as litigation trends go, according to industry experts. And while ...
Lessons of a Risk Modeler: RMS CEO Hemant Shah
Not many CEOs are willing to talk publicly about their biggest misfires and what they learn from them. Hemant Shah did not hesitate when confronted with the question. The co-founder and CEO of ...
Space Station Supply Rocket Was Insured for $50M
Authorities on Wednesday started investigating what made an unmanned U.S. supply rocket explode in a fireball moments after lifting off from a launch pad in Virginia, destroying supplies and ...
Zombie Storms Threaten More Damage After Hurricanes
A hurricane may lose its name, its structure and even its place on National Hurricane Center tracking maps. None of that is a guarantee the storm's meteorological energy won't keep making mischief. ...
Erie Insurance Group CEO (and Chubb Veteran) Named PCI’s New Chairman
Erie Insurance Group President and CEO Terrence Cavanaugh is the Property Casualty Insurers Association of America's new chairman, following elections at the PCI Annual Meeting in Scottsdale, Ariz., ...
PCI, III React to Climate Change Report Slamming Insurers
A report on the insurance industry released last Wednesday shows "a profound lack of preparedness in addressing climate-related risks and opportunities." Insurance industry representatives ...
Evaluating Capital Needs
According to Standard & Poor's, some of the more common modeling techniques insurers use to evaluate their capital needs are: Stress tests, or extreme scenarios used to evaluate risk-bearing ...