Risk Management News

Eight P&C Insurers Get Top Marks for Climate Change Risk Management

Munich Re and ACE Ltd. are among insurers that are best prepared to manage risks related to climate change, a lobbying group said. The nine insurers that were found to be integrating climate change into underwriting and investments also included …

Guidance on EU Rules Created for Audit, Risk Committees

The Federation of European Risk Management Associations (FERMA) and the European Confederation of Institutes of Internal Auditing (ECIIA) have responded to increased EU requirements for more corporate transparency with a new joint guidance document on the 8th Company Law Directive. Audit …

LSU Flagship Campus Authorized to Buy Its Own Insurance

Lawmakers have given Louisiana State University (LSU) the authority to leave the state-run insurance program and buy its own coverage in a first-of-its-kind arrangement for a Louisiana public college. University System President F. King Alexander said the move could save …

California Has Another Great ShakeOut

At 10:16 a.m. on Thursday employees at Golden Bear Insurance Co. were all under their desks practicing good risk management. Oct. 16 marked another Great ShakeOut event in California. According to California Insurance Commissioner Dave Jones, today more than 10 …

PwC: Climate Change Is Risk and Business Opportunity

Competition and regulation push companies to take action to protect themselves from the effects of climate change, not climate science, Jon Williams, partner at global consultancy firm PwC told the Reuters Global Climate Change Summit. Williams, who leads the finance …

CAMICO, Berkley Design Offer Program for CPAs

San Mateo, Calif.-based CAMICO, the provider of  insurance for the accounting profession, and Berkley Design Professional Underwriters (BDP), a W. R. Berkley company, have forged a new program to serve CPA firms nationally. The CAMICO-BDP program will help protect CPA …

CareRise Granted Third U.S. Patent for Nursing Facility Risk Management

The U.S. Patent Office has issued a third patent to Tim Goux, CEO of CareRise, a risk management company based in Mandeville, La. The patent further protects the company’s business method to reduce insurance claims and losses at healthcare facilities …

Europol: Data Law Changes Needed to Fight Cybercrime

Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a Europol report. Cybercrime is increasingly conducted by a highly specialized …

Hong Kong Protests Prompt Financial Firms to Relocate Staff

Some banks and other financial firms have begun moving staff to back-up premises on the outskirts of Hong Kong to prevent growing unrest in the financial hub from disrupting trading and other critical functions, two business services firms said. Thousands …

Aon’s Evans Joins Wells Fargo

Wells Fargo & Co., the largest bank on the U.S. West Coast, hired Alejandra Evans as senior vice president for risk management and  international business at its insurance operation. Evans joins from Aon Plc, where she was managing director in …