“Rate increases in the North American and International reinsurance markets are due to modest losses and poor results – not a hardening market,” according to a newly release report from Willis Re, the reinsurance arm of Willis Group Holdings. The …
Water lines in Marshall County are being put at risk for bacteria contamination by crews installing pipelines for energy companies, a public service district official said. Natural gas pipeline crews are not following proper procedures when they dig around the …
A plan to help ensure the California Coastal Conservancy can work on addressing climate change was approved by the Senate Natural Resources and Water Committee. Senate Bill 1066, authored by state Sen. Ted W. Lieu, D-Torrance, would require the conservancy …
An analysis from London-based TT Club, which provides insurance and related risk management services for the international transport and logistics industry, has revealed human error to be the main cause of supply chain claims. TT Club said its research is …
Federal officials investigating a pipeline break that spilled 1,500 barrels of oil into a Montana river said Wednesday that few companies take river erosion and other risks into account when evaluating pipeline safety. In recent months, several companies have completed …
The 21st century has already witnessed a transformational shift in the global risk landscape, with a palpable change in the severity and frequency of events since 2000, warned Willis Chairman and CEO Joe Plumeri. Speaking to an audience at the …
Colorado lawmakers are trying to promote the space industry by limiting liability for companies that carry passengers. State Sen. Mary Hodge, a Democrat from Brighton, says there are risks with spaceflight. She wants to help a spaceflight hub planned for …
The latest report from the World Economic Forum highlights the “world’s vulnerability to further economic shocks and social upheavals.” Together they “risk undermining the progress that globalization has brought,” the report warns. The seventh edition of the Global Risks 2012 …
“Commercial insurance buyers generally want better insurance products to cover their supply chain risks,” according to a recent survey conducted by the Federation of European Risk Management Associations (FERMA). “Only 14 percent of the risk managers who responded to the …
The liability risks facing company directors and officers are intensifying in the wake of the economic crisis. At the head of the list are “regulatory investigations and enquiries,” which pose the greatest perceived threat to companies and their directors. The …
