International
Obama Urges Congress to Quickly Pass Cyber Security Legislation
President Barack Obama vowed on Monday that the United States would aggressively bolster its cyber defenses, as U.S. officials said the probe into a massive breach of federal government networks has ...
Hewlett-Packard Using $100M in Insurance to Settle ‘Botched Takeover’ Lawsuit
Hewlett-Packard Co. agreed to pay $100 million out of insurance proceeds to settle a lawsuit filed by shareholders who claimed they lost money in the botched takeover of Autonomy Corp., according to ...
Lawmakers Urge U.S. Retaliation For Massive Hacking of Worker Data
The Obama administration should retaliate for a cyber-attack on federal employee records that was the worst breach the U.S. government has ever suffered, members of Congress said on Sunday. "There ...
Iceland to Hedge Funds: Don’t Sue Over Planned Tax on Failed Bank Assets
The prime minister of Iceland said any hedge fund planning to challenge the legal basis of a planned tax on failed bank assets should think again. "If they wanted to make some kind of an example out ...
RIMS: Enterprise Risk Management Does Indeed Help Spot Cyber Risks
A whopping 77 percent of risk management professionals credit enterprise risk management with helping them spot cyber risks at their companies. That is one of the major findings from the Risk and ...
EXOR Will Urge PartnerRe Shareholders to Reject AXIS Merger
EXOR lost its bid in a Bermuda court to obtain PartnerRe's non-public ownership details, losing access to information that would help it lobby shareholders directly about its $6.8 billion all-cash ...
Marsh: P/C Carriers Keeping Up With Soaring Interest in Commercial Drones
Property/casualty insurers have responded positively to the soaring interest in and use of commercial drones, even as global regulators struggle to keep up with the nascent industry, Marsh asserted ...
Guy Carpenter: June 1 Re Renewal Price Decreases Lessened
After two years of reinsurance price decreases averaging 15 percent on U.S. property catastrophe placement, risk-adjusted pricing moderated at the latest June 1 renewals, Guy Carpenter said. "Many ...