reputational risk News

ACE Study: Reputation the Hardest Risk to Manage

Ninety-two percent of companies believe that reputational risk is the most challenging category of risk to manage, according to a major new study from ACE Group conducted across 15 countries within its EMEA (Europe, Middle East and Africa) region. ACE’s …

Marsh Cites ‘Lessons Learned’ from Bangladesh Factory Collapse

A report from Marsh on the recent Rana Plaza factory collapse in Bangladesh that killed more than 1,100 people cites the “serious risks that labor conditions can pose not only to workers, but also to organizations’ reputations, supply chains, and …

CFC Underwriting Upgrades Cyber Policy

Lloyd’s underwriting agency, CFC has made a major upgrade to its flagship cyber and privacy product policy in order to protect customers against the changing face of cyber crime and react to the constant changes in the legal and regulatory …

ACE USA’s Excess Casualty Unit Expands Catastrophe Management Coverage

ACE USA, the U.S.-based retail operations of the ACE Group, has expanded its catastrophe management insurance products with the introduction of the ACE Cat Management 2.5 endorsement by its ACE Excess Casualty Unit. This endorsement is designed to supplement ACE’s …

LinkedIn Risks Reputation Damage Over Password Leaks, Silence

LinkedIn Corp.’s silence on the extent of a security breach that exposed millions of user passwords has damaged its reputation among some business professionals, and may slow the growing company’s rise if the breach turns out to be more serious …

Willis Global Solutions CEO Chides Industry for Failures on Reputation Risk

Phil Ellis, the CEO of Willis Global Solutions Consulting Group, called on the insurance industry “to innovate rapidly to address the glaring gap that exists for reputational risk cover.” Speaking at a seminar -The Risk Frontiers Conference – in London, …

As Consumer Power Goes Viral, Risk of Reputational Damage Grows

Corporate America’s worst nightmare lives in a tiny one-bedroom apartment, loves browsing in flea markets and has a lop-eared brown and white pet rabbit named Crackers. Meet Molly Katchpole. The 22-year-old Washington, D.C. resident has recently tangled with a couple …

The Next Big Thing in Insurance Coverage Is Here

Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational risk. With the boom in social media, interest in reputational risk has itself boomed. The term refers to …

Lloyd’s Study Finds U.S. Businesses Concerned with Talent, Skills Shortage

U.S. business leaders are as concerned as their European counterparts over a talent and skills shortage, despite record unemployment levels across much of the U.S. The talent risk was number two in a survey conducted by Lloyd’s in compiling its …

Aon, Zurich Launch Innovative $100 Million Reputational Risk Coverage

A company’s reputation often constitutes one of its most valuable assets; however, as the damage to value, as well, as the nature of the risks that may cause it, are hard to calculate, obtaining coverage has been a complex process. …