Risk
Record Breaking Cat Bond Levels; Good News For Carriers
First-half tallies of 2013 catastrophe bond issues have been coming in from reinsurers and brokers in recent months, with all suggesting that 2013 could be a record year of issuance. Swiss Re, Munich ...
Magnitude 6.6 Earthquake Strikes Central New Zealand
A magnitude 6.6 earthquake struck central New Zealand today, shaking the capital city Wellington and sending the nation's currency down almost half a U.S. cent. The country's stock exchange was ...
More Reforms Needed for Flood, Wind Insurance Programs: Concerned Scientists
A new report this week from the Union of Concerned Scientists, a watchdog group, warns that sea level rise and worsening storm surge are increasing both the risks of flooding in coastal communities ...Ice Wall Idea Studied to Halt Radioactive Water in Japan
Turning soil into virtual permafrost with refrigerated coolant piped through the earth was first used in the 1860s to shore up coal mines. One hundred and fifty years on, it's the newest idea for ...
Gulf Of Mexico Evacuations Start; Storm Threat To Oil, Gas Ops
Some Gulf of Mexico oil and gas operators began evacuating workers from offshore facilities but kept production flowing on Thursday as a low-pressure system threatened to strengthen into a cyclone. ...
U.S. Charges Two Ex-JPMorgan Bankers Over ‘London Whale’ Loss
U.S. prosecutors brought criminal charges on Wednesday against two former JPMorgan Chase& Co employees in the trading scandal that cost the bank $6.2 billion last year, but the trader nicknamed ...
Sinkholes Not Occurring More Frequently In Florida
Sections of a building at a resort near Orlando's theme park district collapsed into a sinkhole late Sunday, forcing the evacuation of 105 guests in the structure and also dozens of visitors staying ...
Desire For Wild Spaces Ignites U.S. Fire Insurance Hazard
The summer of 2013 has been another severe fire season for the United States, a trend that has insurance companies bracing for a new normal: higher rates of property damage as Americans move to ...