News
Bermuda’s New Insurer Registrations Up 81% For First-Half 2013
The Bermuda Monetary Authority has registered 47 new insurers for the period ending July 2013. This is an 81 percent increase from the 26 insurers registered over the same period in 2012. A total of ...
Tornadoes Prefer Higher Elevations, Cause Greater Damage Traveling Uphill
A recent investigation of the effect of terrain elevation changes on a tornado's path shows tornadoes cause more damage going uphill than downhill. Engineering researchers at the University of ...
G20 Body Says U.S. Could Improve Financial Risk Spotting
The United States could improve how it spots and prevents risks in the financial system from turning into destabilizing crises, a global regulatory task force said on Tuesday. The Financial Stability ...
Zurich Board Chairman Resigns Following CFO’s Suicide
Josef Ackermann, the former Deutsche Bank boss, resigned on Thursday as chairman of Zurich Insurance over the apparent suicide of the Swiss insurer's chief financial officer. Ackermann said the ...U.S. Firms Seen as Targets of Syrian Cyber Attacks
The U.S. is planning for a possible wave of computer attacks against companies by hackers connected to Syria or Iran in retaliation for any military strike against the government of Bashar al-Assad, ...New York Regulator Eyes Lloyd’s Internal Probe in Iran Sanctions Inquiry
A New York regulatory investigation of Lloyd's of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar ...
Texas Earthquakes Tied Extraction in Fracking: Study
A recent wave of small earthquakes in and around the Eagle Ford formation in Texas was probably the result of extracting oil and in some cases water used for hydraulic fracturing, according to a ...
Global Sea Level Rise Dampened by Australia Floods
When enough raindrops fall over land instead of the ocean, they begin to add up. New research led by the National Center for Atmospheric Research (NCAR) shows that when three atmospheric patterns ...