Risk
85% of Insurers Won’t Write Terror If TRIA Not Renewed: Aon
Research by Aon shows that more than 85 percent of insurers will no longer insure terror risk if the federal backstop goes away. The brokerage firm revealed the conclusion based on its "market ...
PwC to Build Insurer Risk Group After Hiring Essert
PricewaterhouseCoopers LLP's Henry Essert is building a group that consults with insurance companies on risk management as regulatory scrutiny intensifies, after joining the firm from BlackRock Inc. ...
Present Day Impact of Great New England Hurricane: Karen Clark & Co.
The Great New England Hurricane of 1938 would cost insurers $35 billion if it happened today, according to a report released by catastrophe risk experts Karen Clark & Co. (KCC) on the 75th ...
Trigger Finger: Apple Fires Biometrics into the Mainstream
By adding a fingerprint scanner to its newest mobile phone, Apple Inc. is offering a tantalizing glimpse of a future where your favorite gadget might become a biometric pass to the workplace, mobile ...
Citizens Announces New CFO, CRO
Citizens Property Insurance Corporation on Friday announced it has filled a pair of key positions to enhance its financial and risk oversight capabilities as the state-created insurer continues the ...
Ex-JPM ‘Whale’ Deputy Argues He Was Just Following Orders
A lawyer for a former JPMorgan Chase & Co employee who worked with "the London Whale" Bruno Iksil, has been trying to convince U.S. prosecutors that his client was the unwitting victim of ...
Fire Sweeps Through New Jersey Shore Boardwalk Rebuilt After Sandy
A wind-driven blaze consumed a New Jersey Shore boardwalk and amusements freshly rebuilt after Hurricane Sandy, destroying dozens of businesses. The fire swept through at least six blocks of Seaside ...
NASA Launches Drones from Virginia to Study Storms
NASA scientists are using former military surveillance drones to help them understand more about how tropical storms intensify, which they say could ultimately save lives by improving forecast models ...