Risk
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 ...
Third Point Re Investors Betting on Loeb, Smart Underwriting
Investors in Third Point Reinsurance Ltd.'s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They're also taking on risk from an unprofitable underwriting operation. ...
Next Week Could Be Key for Atlantic Hurricane Season
The Atlantic hurricane season is about to enter its most active phase as conditions for the powerful storms improve across the basin. Wind shear that can tear budding storms apart has been ...
EQECAT Releases RQE Version 14
On Monday, EQECAT announced the release of version 14 of its catastrophe risk modeling platform RQE (Risk Quantification & Engineering), with updates to several country/peril models in addition ...
Hedging Systemic Risk in Casualty Reserves with Insurance-Linked Securities
Insurance-linked securities are often used to hedge an insurer's exposure to catastrophic property losses, but the casualty insurance market is just beginning to recognize the potential of ILS ...