Risk & Capital Management
Global Terrorism Fatalities Up 30%: Maplecroft
Global fatalities from acts of terrorism have risen 30 percent over the last 12 months compared to the five-year average, according to a new security monitoring service from global risk analytics ...
U.S. at High Risk for Cyber Terrorism, Says 9/11 Commission
The terrorist threat against the U.S. remains dangerous 10 years after the 9/11 Commission issued its first report—only now the risk is greater online. In a report issued Tuesday, panel members who ...
Munich Re America Backs Public-Private Effort on Extreme Weather Mitigation
The number of loss-relevant weather catastrophes worldwide has almost tripled since 1980, according to Munich Re's NatCatSERVICE database. The company said that finding ways to create broader ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...
California Drought Threatens $800M in Crop Revenue
The severe drought in California is threatening more than $800 million in crop revenue as water needed for farming is at record lows, according to a report. River water supplies for farms in ...
Bipartisan Bill Seeks to End Secrecy of ‘Too Big to Fail’ Panel
Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial ...
Fed Chair Yellen Worried About Stretched U.S. Equity Valuations
The Federal Reserve on Tuesday voiced concern about stretched valuations in certain corners of the U.S. markets, including small cap, biotechnology and social media stocks, as well as the leveraged ...
S&P: Bond Insurers Ready for Puerto Rico Corporate Debt Crisis
For now, two major bond insurers appear more than able to handle credit deterioration of Puerto Rico's public corporations and new legislation that will let some of the companies restructure their ...