Risk
FSOC Scrutinizing Buffett’s Berkshire for Systemic Risk Potential
Regulators are starting to scrutinize Warren Buffett's Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to ...
China Pollution Traveling to U.S., Study Reveals
Pollution from China travels in large quantities across the Pacific Ocean to the United States, a new study has found, making environmental and health problems unexpected side effects of U.S. demand ...
Canadian Insurers Pay Record C$3.2 Billion in Weather Claims
Canadian insurance companies paid a record C$3.2 billion ($2.9 billion) to claimants last year as the country coped with weather-related disasters, an industry group said. The ice storm in December ...
Latest New Zealand Quake Adds to Growing List in Region, AIR Says
Reporting on the latest earthquake to strike New Zealand earlier this week, catastrophe modeling firm AIR Worldwide said the magnitude 6.2 quake was one of many to shake the region over the years. ...
Expect Nothing ‘Radical’ in 2014 for Reinsurance Prices: Allianz Re CEO
Property and casualty reinsurance rates, which fell in seven of the last 10 years, probably won't rebound in 2014, the head of Allianz SE's reinsurance arm said. "Last year's catastrophe activity was ...
Northridge Earthquake Today Could Cost Insurers $20B: RMS
An earthquake like 1994's Northridge, California quake could cause $20 billion in insured losses today, catastrophe modeling firm RMS said last week. RMS made the announcement on Friday, Jan. 17, ...
Income Inequality Now Top Global Risk, Says World Economic Forum
The chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade, according to over 700 global ...
Obamacare Site Vulnerable to Hackers, Some Experts Tell Reuters; Others Disagree
A group of cyber security professionals is warning that the U.S. government has failed to implement fixes to protect the HealthCare.gov website from hackers, some three months after experts first ...