Risk
Geithner: AIG’s Collapse Could Have Triggered Global Mass Panic
The failure in 2008 of American International Group Inc., the world's biggest insurer, would have caused "mass panic on a global scale," Timothy Geithner, the head of the Federal Reserve Bank of New ...
Watchdog Group Warns Arctic Shipping Safety Not Assured
Canada will have trouble ensuring marine safety in the Arctic as climate change melts the sea ice and shipping increases, Parliament's environmental watchdog said on Tuesday. Canada, said Environment ...
Swiss Re Predicts a Rise in Liability Claims as Economic Growth Accelerates
Liability claims have been lower than expected in recent years, which has boosted insurers' profits despite a decline in liability rates. But new risks and stronger economic growth will increase ...
Hanover Insurance Gets Ratings Affirmation in Advance of Q3 Earnings
The Hanover Insurance Group doesn't release its 2014 third quarter financial results until Oct. 29. But Fitch Ratings has given the Massachusetts-based U.S. property/casualty insurer an early bit of ...
Insurers Wary of ‘The Cloud’ Have Options for High Performance Models: AIR COO
Immediacy is the new norm in today's business environment, and catastrophe risk management is no exception. The insurance industry is increasing its use of catastrophe modeling to inform business ...
Guy Carpenter to Broker Business Cyber Privacy Coverage
Guy Carpenter & Company LLC said it brokered a new cyber privacy and network protection coverage targeted to small-and medium-sized companies, a move that comes as cyber security violations are ...
Ex-Treasury Secretary Talked With China About 2008 Financial Bailout
Henry Paulson, the former treasury secretary, said he talked with China about helping bail out financial firms in 2008, in the first discussion of the rescue scheme in a court with two other plan ...
JPMorgan Cyber Attacks Sign That Rate of Trouble Will Increase
Tom Ridge, the first homeland security chief under President George W. Bush, says companies face more risk of cyber attacks similar to those that struck JPMorgan Chase & Co., Home Depot Inc. and ...