Risk
Property Events Create Emerging Risks for Casualty Insurers
When we think of large insured losses arising from natural or manmade disasters, we see images from hurricane or earthquake devastation. First-party property damage and business interruption losses ...
Convicted SocGen Trader Arrested in France; Insists Bosses Knew of Activity
Convicted rogue trader Jerome Kerviel was arrested in southern France late on Sunday to serve a three-year jail sentence in a high-profile case he has depicted as one individual's struggle against ...
How Does a Security Expert Handle ID Theft Protection?
You won't find security expert Michael Chertoff doing silly everyday things like using public WiFi, logging in with the same password on every site he uses, clicking on dubious links or falling for a ...
Drought in Some Plains States Worse Than During Dust Bowl
The sky turns pink or brown as the dust clouds billow and swirl on the Southern Plains, leaving those caught outdoors with grit on their teeth and in their eyes, much like the days of the Dust Bowl. ...
Africa Experiments With Sovereign Risk Pool Insurance Scheme
In the 1980s images of skeletal Ethiopian babies and their parents, dying from hunger during a devastating famine, helped galvanize global humanitarian and financial aid to drought-ravaged African ...
Tower Group Rejects Offer From Eastern European Insurer
Tower Group International's board of directors unanimously rejected a surprise acquisition bid submitted earlier this week from an Eastern European Insurer, choosing instead to focus on an ongoing ...
Iranian Hackers Becoming Aggressive: Cyber Security Experts
Iranian hackers have become increasingly aggressive and sophisticated, moving from disrupting and defacing U.S. websites to engaging in cyber espionage, security experts say. According to Silicon ...
Study Shows Pacific Tropical Cyclone Intensity Shifting Farther North: U.S. Researchers
Typhoons are peaking in strength farther north in the western Pacific Ocean, and that may have consequences for Japan and the Korean peninsula in years to come, according to researchers. Tropical ...