U.S.
As Full Recession Odds Fall, ‘Richcession’ Could Play Out
The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year. So is a ...
Explainer: How the Federal Reserve Stress Tests U.S. Banks
The U.S. Federal Reserve was due to release the results of its annual bank health checks on Wednesday at 4:30 p.m. ET (2030 GMT). Under the "stress test" exercise, the Fed tests big banks' balance ...
Effective compliance management in insurance relies on well-organized information and digital processes that accurately reflect producer relationships across multiple interconnected...
What is a Heat Dome? Beyond Texas, Where are Scorching Temps Headed?
Scorching temperatures brought on by a "heat dome" have taxed the Texas power grid and threaten to bring record highs to the state before they are expected to expand to other parts of the U.S. during ...
Report: Stolen Identities Top Cyber Security Threat
Stolen identities lead to massive breaches, costing businesses an average of $9.4 million per breach in 2022, a new report by ForgeRock found. Its identity breach report found that 1.5 billion ...
Former FBI Cyber Veteran Appointed Everest Re Chief Information Security Officer
Everest Re Group, Ltd., has appointed Don Good chief information security officer, effective immediately. Reporting directly to Srini Maddineni, Everest's Group chief information officer, he will be ...
Airbag Maker Can’t Promise Inflators Won’t Explode, Hurl Shrapnel
A company that makes airbag inflators that have exploded in eight incidents involving two deaths and seven injuries argued Tuesday that it can't say for sure whether its inflators might cause further ...
Strategic Portfolio Management Needed to Address Wildfire Risk
Economic losses from wildfires remain a concern for 2023, despite last year's average season, according to a new report by Gallagher Re. Climate change, shifting weather patterns and homes that ...
Titan Sub’s Unique Design May Have Destined It for Disaster
The deadly implosion of the Titan submersible raises questions about whether the vessel exploring the Titanic wreckage was destined for disaster because of its unconventional design and its creator's ...