World’s Largest Insurers ‘Failing’ to Address Climate Change, Biodiversity Loss June 3, 2021 By L.S. Howard Most of the world’s largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss,...
Insurers Don’t Have Capacity to Handle Systemic Pandemic Risk: Generali CEO March 4, 2021 MILAN – Europe’s insurance industry doesn’t have the capacity to deal with the systemic risk of a pandemic and more...
Lloyd’s Launches Global Platform to Drive Resilience to World’s Systemic Risks February 8, 2021 Lloyd’s, the insurance and reinsurance marketplace, is launching “Futureset,” a new global platform and community dedicated to driving greater societal...
Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims November 17, 2020 By Alwyn Scott U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted...
Twitter Security Failure Prompts Call for Regulating Internet Giants as Systemic Risks October 14, 2020 By Jonathan Stempel Twitter Inc. suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the...
U.S. Regulator Pulls Back from MetLife’s ‘Too-Big-to-Fail’ Designation January 19, 2018 By Pete Schroeder The U.S. government and MetLife Inc. announced on Thursday they would jointly seek to dismiss an appeal over whether the...
Court Agrees to Put MetLife ‘Too Big to Fail’ Case on Pause May 15, 2017 A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country’s largest life...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte March 3, 2017 By L.S. Howard Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers...
Rising Risks Could Cost Global Cities $1.17 Trillion of GDP in 2017: Cambridge Study December 6, 2016 By L.S. Howard The costs of major shocks to the global economy from natural and manmade threats could put at risk $1.17 trillion...
Major Canada Earthquake Could Lead to Widespread Insurer Insolvencies: Report November 22, 2016 A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and...