IRM cites oil prices, potential U.K. withdrawal from E.U. as key 2015 risks
Political instability caused by low oil prices, increased shareholder activism and the threat to business caused by a potential U.K. withdrawal from the European Union are among the chief risk concerns...
View ArticleShipping industry modifies clauses in contracts for Ebola risks
(Reuters) — Some of the shipping industry’s biggest trade associations are modifying freight contracts to reduce commercial exposure for companies whose ships travel to countries affected by the Ebola...
View ArticleSony Pictures warns staff on fraudsters misusing stolen data
(Reuters) — Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information.
View ArticleFINRA fines Merrill for unfair pricing of distressed securities
(Reuters) — The Financial Industry Regulatory Authority, Wall Street’s industry-funded regulator, fined Bank of America Corp.’s Merrill Lynch unit $1.
View ArticleNew York City asbestos court tops 'judicial hellholes' list for 2014
The New York City Asbestos Litigation court heads the American Tort Reform Foundation's 2014-2015 list of “Judicial Hellholes,” released Tuesday.
View Article'Moving beast' of cybercrime will provide insurers challenges in 2015
Insuring cyber risks will be one of the biggest challenges facing insurers next year, says Ernst & Young L.L.P., in an analysis issued by its London unit Tuesday.
View ArticleNCR signs $160 million pension buyout deal
NCR Corp. on Wednesday said it is buying a group annuity to provide pension benefits to about 4,500 retirees and their beneficiaries.
View ArticleU.S. fears Sony hackers may never be caught: law enforcement official
(Reuters) — Government investigators fear the hackers behind the unprecedented attack on Sony's Hollywood studio may never be caught if they are under the protection of North Korea, a U.S. official...
View ArticleE.U. urged to use automation to protect underground Internet systems
European Union member states should consider the benefits of automated information systems to prevent damage to their underground Internet infrastructures, the European Union Agency for Network and...
View ArticleFalling oil prices, political unrest top 2015’s international risks: Marsh
Falling oil prices, political violence and separatist movements will influence the global risk landscape in 2015, broker Marsh L.L.C. said in a report released on Wednesday.
View ArticleSony cancels N. Korea movie in apparent win for Pyongyang hackers
(Reuters) — Sony Pictures has canceled the release of a comedy on the fictional assassination of North Korea's leader, in what appears to be an unprecedented victory for Pyongyang and its abilities to...
View ArticleU.S. weighs response to Sony hacking attack blamed on North Korea
(Reuters) — The United States was considering possible options on Thursday in response to a major cyber attack on Sony Pictures blamed on North Korea, amid calls for tougher sanctions on Pyongyang to...
View ArticleWorkers comp-specific Ebola care guidelines take sick worker’s...
Managed care services provider Genex Services L.L.C. on Wednesday said it has developed workers compensation-specific clinical guidelines for treating Ebola and the related Marburg virus from an...
View ArticleXL offers insurance for risks from chemical, nuclear and other weapons
XL Group P.L.C. has launched a liability insurance product covering chemical, biological, radiological and nuclear weapons events.
View ArticleObama vows U.S. response to North Korea over Sony cyber attack
(Reuters) — President Barack Obama vowed that the United States will respond to the devastating cyber attack on Sony Pictures Entertainment Inc. blamed on the North Korean government.
View ArticleChina sets up trust insurance fund to cap industry risk
(Reuters) — China on Friday set up its first insurance fund for its $2.1 trillion trust industry in a move to reduce financial risk in shadow banking, the country’s banking regulator said.
View ArticleStaples says breach may have affected 1.16 million payment cards
(Reuters) — Office equipment supplier Staples Inc. said the investigation of a data security breach showed that malware may have affected about 1.16 million payment cards.
View ArticleAsia particularly vulnerable to natural disasters, but market remains soft
SINGAPORE — Asia is particularly vulnerable to natural disasters, but the region's risk managers can expect to experience the same soft market as their peers worldwide.
View Article2015 risk management outlook hinges on evolving cyber and catastrophe risks
An issue that looks to remain a primary challenge for risk management professionals and insurers alike in 2015 is cyber risk and a rising number of attacks.
View ArticleBusiness Insurance Year in Review and 2015 forecast
Risks during 2014 ranged from lawsuits over defective products to malware-infected computer systems to the fear of Ebola-infected employees.
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