Risk
West Africa Piracy Surge Costs Global Economy Nearly $1B; Insurance Costs Rise
Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardize the shipping of commodities from the region. The Gulf ...
Energy Drinks, Office Sitting Breaks, Genetic Bias In Insurance On AMA Agenda
A group representing 225,000 U.S. doctors called for a ban on marketing energy drinks, such as those from Red Bull GmbH and Monster Beverage Corp., to youths. The American Medical Association, in a ...
Insured Flood Losses In Germany At Least $5 Billion: AIR Worldwide
Catastrophe modeling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe at between $5.3 and 7.8 billion (EUR 4.0 billion and EUR 5.8 billion), adding that ...
Soggy British Weather Likely To Stay: Scientists
The best advice for visitors to Britain—pack an umbrella—is more vital than ever. Weather scientists said Tuesday that a country that has been unusually soggy in recent years is not likely to dry ...
Scientists Agree Climate Change Is Real, World Bank Leader Says
The world should stop arguing about whether humans are causing climate change and start taking action to stop dangerous temperature rises, the president of the World Bank said on Wednesday. World ...
Cyber Disclosure To SEC Not Universal; Even Insurer Fails To Report: Willis
A majority of the U.S. listed Fortune 500 firms are following the U.S. Securities and Exchange Guidelines by providing some level of disclosure regarding cyber exposures, but disclosure is not ...
Dark Clouds Forming; Data Security Hurricanes Ahead For Cyber Insurers
Data security and privacy (cyber liability) insurance has become one of the hottest topics for the insurance industry and an area of growth for an industry emerging from a soft market. While data and ...
U.S. Mayors Aim For Resilience To Weather, Energy Challenges
U.S. mayors pledged Monday to make their communities more resilient to increasingly severe floods, droughts, extreme storms and wildfires, which they said was more efficient and cost-effective than ...