Risk
Hedge Funds Shut Out Nonprofits in FHA Sale of Distressed Loans
The U.S. Federal Housing Administration started selling distressed loans in 2012 to help communities hit hard by foreclosures while also reducing losses to its taxpayer-backed insurance fund. Two ...
Americans Worry About Risks Caused by Drones: Chubb
Most Americans are worried that the increased use of drones in the U.S. could damage property, cause injury and create other new risks, the Chubb Group of Insurance Companies determined in a new ...
GM’s Hands-Free Cadillac Coming in Two Years
General Motors Co., the largest U.S. automaker, will introduce a Cadillac model in two years that can travel on the highway without the driver holding the steering wheel or putting a foot on a pedal. ...
Train Delays Force Coal-Burning Power Plants to Seek New Supply Transport
U.S. coal-burning power utilities are being forced to turn to barges and more expensive trucks to move coal, desperate to shore up stockpiles left dangerously low by the widespread bottlenecks on ...
World Economies Lag in C02 Reductions to Slow Climate Change: PwC
The world's major economies are falling further behind every year in terms of meeting the rate of carbon emission reductions needed to stop global temperatures from rising more than 2 degrees this ...
High-Risk Industries Face More Liability Issues in Wake of BP Ruling
A U.S. court ruling that dramatically ramped up BP Plc's potential penalties for the 2010 Gulf oil spill could create new liability risks not just for deep water drillers but also for other ...
Verisk Names New ISO Division President
Verisk Analytics named Beth Fitzgerald as the new leader of its ISO Insurance Programs and Analytic Services arm. She replaces Kevin Thompson, who retired as a 40-year veteran of the company. ...