News
Estimates of Global Hacking Damage Called Into Question
A $1 trillion estimate of the global cost of hacking cited by President Barack Obama and other top officials is a gross exaggeration, according to a new study commissioned by the company responsible ...
Long-Buried Seawall Protected Homes From Hurricane Sandy’s Record Storm Surge
Picture two residential beach communities on the New Jersey shore: Bay Head and Mantoloking, which side-by-side in Ocean County on a narrow barrier island that separates the Atlantic Ocean and ...
The Hidden Cost of Standing Still: Legacy Platforms Slow Growth and Halt the Shift to AI-Enabled Insurance Business
Presented by Majesco
There is a hidden disease that is killing insurers — the disease of legacy technology. The problem is a matter...
BP Loses Bid to Halt Oil Spill Claim Payments
A federal judge denied an attempt by BP Plc to suspend payments to people and businesses claiming damages related to the 2010 Gulf of Mexico oil spill, while an investigator looks into possible ...
Some Question Labeling 9 Global Insurers Systemically Important
Europe's insurers criticised the approach taken by international regulators which named firms considered systemically important as they try to reduce financial risks from the sector. Two global ...
A.M. Best Revises Give Thumbs Up To Lloyd’s
On Friday, A.M. Best Europe–Rating Services Limited announced that it revised the outlook of its A (excellent) financial strength rating for Lloyd's to positive, affirming the rating and moving the ...
UN Warns On Mobile Cybersecurity Bugs In Bid To Prevent Attacks
A United Nations group that advises nations on cybersecurity plans to send out an alert about significant vulnerabilities in mobile phone technology that could potentially enable hackers to remotely ...
U.S. SEC Says As Red Flags Waved, SAC’s Cohen Waved Them
"Failure to supervise" is not the sort of charge that typically grabs Wall Street's attention. Unless the target is one of the world's best-known hedge fund managers. In an order on Friday, the U.S. ...
Hanover Stone Partners Adds Former Lloyd’s USA Leader To Risk Advisory Roster
Bolstering its resources to provide risk management consulting services to insurance and reinsurance carriers, Hanover Stone Partners recently announced that Winifred Baker, a former executive of ...