Risk & Capital Management
Why Current Cyber Risk Management Techniques Are Inadequate
Insurers have been blindly moving to expand access and coverage in cyber insurance despite their inability to confidently assess and quantify holistic cyber risk. Visibility of the exposure remains ...
If Passed, Bills to Nullify BI Exclusions Could Prove Disastrous: AM Best
Legislation to nullify business interruption (BI) exclusions in some states could have disastrous consequences for the P/C insurance industry if passed, potentially wiping out up to 50 percent of ...
Allianz SE Withdraws 2020 Profit Target Over COVID-19 Uncertainties
Allianz SE withdrew its forecast for the year as Europe's biggest insurer struggles with the fallout from the Covid-19 pandemic. Given the economic uncertainty, the board "does not assume that ...
Sea Levels Could Rise 5 Feet if Glacier Thaws, and Other CM Risk Alerts
If the Denman glacier in East Antarctica keeps thawing, scientists warn it could raise sea levels almost five feet. The New York MTA's new tap-to-pay fare system may be putting rider privacy at risk. ...
Dealing With Rapid Change: Bradford Examines Risk Management in 2020
Insurance and risk professionals know there are new risks emerging they need to address, but a related development isn't always appreciated, an industry veteran suggests. "The fact that things are ...
Pandemic Bonds Prove Better for Investors Than Stricken Nations
To offset the crushing costs of trying to stem a global epidemic, the World Bank and partners announced the creation of "pandemic bonds" several years ago: the idea was to leverage private capital ...
FEMA Challenges: Coronavirus + Climate Stretch Federal Agency Resources
It wasn't until Wednesday, five days after President Donald Trump declared a national emergency, that the Federal Emergency Management Agency announced it was "leading the federal coordination" to ...
U.S. Cybersecurity Report Calls for Major Government Role in Cyber Insurance
A major government report on cybersecurity that warns the nation is seriously underprepared for cyber attacks calls for the creation of a federally funded center to develop cybersecurity insurance ...