risk News
Allied World Debuts Division Focused on Global Crisis Management Coverage
Allied World Assurance Company Holdings AG established a new division focused on coverage for global crisis management. Five executives – four chosen from within Allied World – will run the ...
‘Monster’ El Nino Could Produce More and Stronger Events Over Next Decade
In Buffalo, it hasn't snowed yet this year. A Duluth, Minnesota, newspaper reported that the temperature was 40 degrees above zero, not below. And in Miami, beachgoers are staying indoors during ...
A Hurricane/Cyclone/Typhoon Season to Remember Is Not Over Yet
For a few minutes last Wednesday, there weren't any hurricanes, cyclones, typhoons or tropical storms anywhere in the world. The respite didn't last long. Thursday morning, the U.S. Navy and Air ...
Insurance, Big Pension and Sovereign Funds Scaling Back Emerging Market Investments
Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds -- global ...
Strong El Nino Could Prevent Relief from Smoke Haze Choking Asia
The choking haze that has blown across Southeast Asia from burning rain forests in Indonesia may get worse and last several more weeks as an unusually strong El Nino keeps away seasonal rain that ...
Hurricane Joaquin Fades as U.S. Threat; Bahamas Still Vulnerable
A weakening Hurricane Joaquin probably won't be a threat to the U.S. as it turns north in the Atlantic away from the Bahamas, where it's battering the islands with winds that fell to 125 miles (200 ...
Lloyd’s Chairman Nelson Faults Businesses for Too Much Focus on Profit
Lloyd's of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, ...
FHA Urges National Overhaul of Guardrail Standards After Review
U.S. highway guardrail systems made by Trinity Industries Inc. and Road Systems Inc. have "safety performance issues" in some real-world crash scenarios, the Federal Highway Administration said as it ...