Risk
‘New Wealth’ Shows High Interest in High-Priced Art
Art Basel Miami Beach, the largest U.S. art fair, will offer more than $3 billion of mostly postwar and contemporary works when it opens to a select group of collectors today, a 20 percent increase ...
Developers Gain Added Protection from Terrorism-Related Lawsuits in 9/11 Case
A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over property losses linked to terrorism, in a case stemming ...
Insurers Rank Top 10 Extreme Risks; Global Pandemic is No. 1
Global insurance industry executives rank global pandemic, large-scale natural catastrophe and a food/water/energy crisis as the three most important extreme risks for the industry to worry about in ...
Willis, Endurance Cover Australia Mining Firm in Index-Based Weather Deal
Willis Group Holdings announced on Tuesday that it designed and placed a derivative-based risk transfer solution to protect against construction delays on an Australian project from cyclone and heavy ...
Left and Right Are Both Wrong About Regulation: Bloomberg View
In 1981, President Ronald Reagan instructed federal agencies that they could issue regulations only after demonstrating that their benefits justified their costs. With modest changes, Reagan's ...
Runoff Specialists No Longer Buyers of Last Resort in Insurer M&A
Runoff specialists are increasingly becoming visible acquirers of ongoing books of business as M&A activity heats up across the insurance industry, according to a consultant from Towers Watson. ...
Congress Should Weigh Adding Cyber Attacks to TRIA: Chertoff
The nation's lawmakers should consider adding cyber terrorism to the federal Terrorism Risk Insurance Act (TRIA) when they renew that reinsurance program, advises Michael Chertoff, former homeland ...
Chamber Wants Tighter Rules on Systemically Risky Designations for Non-Banks
The U.S. Chamber of Commerce is calling for rules that would make it more difficult for a group of regulators to subject financial companies to stricter oversight. A vote of three-quarters of the ...