Government
Swiss Re’s Emerging Risk Worries: Natural Catastrophes to the ‘Internet of Things’
Emerging risks with the highest potential impact in coming years may not be what you think. A new Swiss Re report identified four that top the list: Large natural catastrophes, de-globalization and ...
New York’s Top Financial Regulator to Leave, Launch Cybersecurity Consulting Firm
Benjamin Lawsky will step down next month as New York's top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world's biggest banks and ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
Cyber Attack Struck St. Louis Federal Reserve in April
The U.S. Federal Reserve Bank of St. Louis said hackers successfully attacked the bank last month, redirecting Web traffic but not compromising its website. Hackers manipulated the bank's routing ...
Zurich and Swiss Re Execs Sign Document Supporting ‘Balanced’ Regulation
Executives at Zurich Insurance Group, Swiss Re, and other financial institutions are formally backing regulations to limit financial risk that hit middle ground, striking a balance between financial ...
MBIA’s Bond Insurance-Comeback Hampered by Puerto Rico Crisis
The risk of losses tied to Puerto Rico is clouding MBIA Inc.'s comeback in the resurgent business of guaranteeing state and municipal debt. After years of healing from the financial crisis that wiped ...
Amtrak Train Crash Victims Limited by $200M Total Injuries Cap
There are many questions surrounding Tuesday's Amtrak crash. The amount of money victims could receive for injuries isn't one of them as federal law caps total rail-accident damages at $200 million. ...
Amtrak Crash Investigation Continues; Engineer Remembers Very Little
Amtrak began clearing overturned cars and replacing track in efforts to reopen the Northeast Corridor line as investigators sought to interview the engineer who is said to have no recollection of the ...
CROs Concentrate on Capital Standards and Regulatory Changes: Ernst & Young
These are the things that worry insurance company chief risk officers the most right now: confusing capital standards, more regulations and oversight, and integrating risk management with business ...