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...
Urgent Action Needed to Tackle Systemic Threat of Cyber Risk: Marsh & TheCityUK May 19, 2016 By L.S. Howard Firms across the financial and related professional services industry need to take urgent action on their cyber risks, which present...
Simplifying Derivatives Rules Will Help Regulators Spot Systemic Risks: Industry April 13, 2016 By Huw Jones Regulators won’t get a clear picture of risks in the $550 trillion derivatives market until they prune trade reporting rules,...
Re/Insurers Must Respond to Evolving Terrorist Risk with Relevant Products: JLT March 25, 2016 By L.S. Howard The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of...