Risk & Capital Management
Monster El Niño Makes Record Hot Year Look Inevitable
In more than 135 years of global temperature data, four of the five hottest months on record all happened in 2015: February, March, May and now June. This has been the hottest start to a year by far, ...
New Madrid Earthquake Sequence Could Cost Insurers $150B: Swiss Re
A series of earthquakes similar to the New Madrid quakes of 1811/1812 could cost the insurance industry more than $150 billion, making it the costliest natural disaster to date, according to a new ...
Study Says 2014 Climate Melted Records
Global sea levels swelled to a high, tropical cyclones continued to multiply and the world's thermometer set a record in 2014, according to a new report tracking the Earth's climate. The report, an ...
AIR Worldwide Unveils Winter Storm, Tropical Cyclone Models for Canada
Catastrophe risk modeler AIR Worldwide has expanded its suite of models for Canada with the release of Winter Storm and Tropical Cyclone models. In addition, comprehensive updates have been made to ...
UK Insurers to Stress Test for Terrorism in London, New York
U.K. regulators have asked property/casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major ...
Drone Permits Soar as FAA Develops Rules for Their Use
The Federal Aviation Administration is issuing permits for the commercial use of drones at a rate of about 250 a month as it tries to meet the growing demand for unmanned aircraft while it develops ...
IMF Cautions U.S. on Global Economic Turmoil; Urges National Insurance Regulator
A global slowdown in economic growth, together with political and economic upheaval in places like Greece, the Middle East and Ukraine, could hurt U.S. growth going forward, the International ...
ACE: Tech, Supply Chain and Regulatory Risks Top Concerns for EMEA Businesses
Risk managers identify technology, supply chain and regulatory as the risks currently causing their organizations the greatest concern, according to new research published by ACE European Group. ...