Risk
New Jersey Boardwalk Fire Linked to Sandy-Damaged Wiring
The massive fire that destroyed part of a Jersey Shore boardwalk and dozens of businesses began accidentally in wiring damaged by Superstorm Sandy—and should prompt coastal property owners to ...
Tokyo Riskiest City Due to Natural Disaster Exposure
Japan's Tokyo-Yokohama region is the riskiest place in the world to do business, in terms of the potential human and economic costs of a possible natural catastrophe, a study found on Wednesday. The ...
D&O Lawsuits by FDIC on Fast Pace: Cornerstone Research
This year's Federal Deposit Insurance Corp. (FDIC) litigation over failed financial institutions is already exceeding that of the previous three years. According to a new report by Cornerstone ...Hacker Group in China Linked to Cyber Attacks Against U.S. Firms: Symantec
Computer security experts have discovered a group of highly sophisticated computer hackers operating for hire, a U.S computer security firm said, and it linked the group to some of the best-known ...
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 ...