Risk & Capital Management
JPMorgan Senate Report Reveals Internal Discussion Of Email ‘Sensitivity’
JPMorgan Chase & Co. risk managers tried so hard in 2012 to get around international capital rules that they viewed their own discussions as too sensitive for email, according to a Senate report ...Recent Reversal From Cooling To Warming Unprecedented; Comparable Heat Spikes Not Seen In 11,000 Years
A new study looking at 11,000 years of climate temperatures shows the world in the middle of a dramatic U-turn, lurching from near-record cooling to a heat spike. Research released Thursday in the ...
P/C Execs Should Look For Best Fit, Not “Right Answers” From Cat Models
Catastrophe models in the property/casualty insurance sector have been under intense and increasing scrutiny for more than a decade. The 9/11 terrorist attacks, coupled with significant losses from ...U.S. Scientists Report 2012 Surge In CO2 Levels
The amount of heat-trapping carbon dioxide in the air jumped dramatically in 2012, making it very unlikely that global warming can be limited to another 2 degrees (1.2 C) as many global leaders have ...Better Reports, More Mobile Homes, Not More Intense Tornadoes: Lloyd’s
While there is little evidence that tornadoes are increasing in either frequency or intensity, marked jumps in event-reporting and in the number of U.S. mobile home dwellers are among factors ...Few Insured Losses Expected From Cat 4 Cyclone In Australia: AIR Worldwide
Catastrophe modeling firm AIR Worldwide said it does not expect significant insured losses from Tropical Cyclone Rusty, which is expected to make landfall as a Category 4 storm near Port Hedland in ...
Board-Level Attention To IT Security Critical For Data-Reliant Insurers
Cyber crime is one of the fastest growing areas of crime in the world. Modern day criminals are exploiting the speed and the convenience of the worldwide web to attack businesses on a global basis, ...Lucky Or Smart? Experts Weigh In On P/C Industry’s Sandy Impact
While a rating agency analyst contends that good risk management is protecting insurers as they face a new normal level of catastrophe losses, other experts believe luck is playing a bigger role than ...