Social Polarization, Inequality Raise Potential for Risk, Disruption: WEF January 12, 2017 By Alex Morales Rising inequality and social polarization are set to shape world developments for the next decade after contributing to Britain’s decision...
Prosecutors Won’t Use Suspect’s Statement in New York, New Jersey Bombing Case December 21, 2016 A federal prosecutor on Monday said the government won’t introduce at trial a lengthy statement from a man charged with...
German Police Resume Hunt for Killer in Christmas Market Terrorist Attack December 21, 2016 By Patrick Donahue and Karin Matussek German investigators intensified their search for the perpetrator of a deadly truck assault on a Christmas market in Berlin after...
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...
Talbot Underwriting Launches $50M Consortium to Cover NBCR Terrorism November 4, 2016 Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of a Lloyd’s led consortium for...
France to Hike Premium Tax to Bolster Compensation Fund for Attack Victims October 19, 2016 France plans to increase a levy on property insurance policies to 5.90 euros [$6.30] from 4.30 euros [$4.59] per contract...
International Forum of Terrorism Risk Re/Insurance Pools Launched October 10, 2016 Pool Re, the state-backed UK reinsurer that covers terrorism related commercial property losses, announced the launch of the International Forum...
Business Interruption Tops List of Risks Facing Global Organizations: Survey September 26, 2016 Business interruption, property damage and general liability are the top three risks faced by businesses, non-governmental organizations and governmental agencies...
XL Catlin Updates Active Assailant Cover to Include Use of Road Vehicles in Attack August 31, 2016 XL Catlin announced it has updated the wording of its “Active Assailant” coverage to include the use of road vehicles...
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports August 24, 2016 By L.S. Howard The business outlook for the London insurance market is a familiar one across other global markets: underwriting profits are under...