Risk
Prudential Will While AIG, GE Won’t Contest SIFI Risk Designations
Prudential Financial Inc., the No. 2 U.S. life insurer, is contesting a U.S. finding that it poses a potential risk to the financial system, becoming the first company to challenge the label that ...
Big Insurers, State Regulators Look to Avoid Bank-Like Rules by Federal Reserve
MetLife Inc. and Prudential Financial Inc. have been joined by state regulators challenging the Federal Reserve on how to oversee the biggest insurers under the Dodd-Frank law. The insurers and ...
Longer-Term El Nino Warnings Promise to Help Farmers with Drought, Floods
Scientists have found a way to forecast El Nino weather events in the Pacific a year in advance, long enough to let farmers plant crops less vulnerable to global shifts in rainfall, a study showed on ...
AIR Releases Japan Earthquake Model Update; Reflects Tohoku Insights
Catastrophe modeling firm AIR Worldwide announced Monday that it has updated its Earthquake Model for Japan to include insights gained from the Great Tohoku earthquake of March 2011. The Tohoku event ...
Warming Happening Faster In High Latitude Coastal Waters: University Research
Locally, changes in coastal ocean temperatures may be much more extreme than global averages imply. New research published in the June 18 edition of Public Library of Science (PLoS ONE) entitled ...
Political Risk Insurers Monitor Brazil, Turkey Impact; No Losses Yet
The large political demonstrations taking place in major cities in Turkey and Brazil in June have not yet impacted the political risk insurance market, according to a report by Marsh last week. "As ...Corzine Faces Trading Ban as CFTC Sues in MF Global Failure
A U.S. regulator's lawsuit against Jon Corzine could make him the first former leader of Goldman Sachs Group Inc. to be banned from trading, the industry he returned to after serving as a New Jersey ...