The East Coast electric grids slow recovery from Hurricane Sandy highlights the shortcomings of the overburdened utility system and its susceptibility to damage from a different kind of surprise threat: terrorist attacks, especially hackers, notes one risk manager.
Millions of people across the eastern United States awoke on Tuesday to scenes of destruction wrought by monster storm Sandy, which knocked out power to huge swathes of the nation's most densely populated region, swamped New York's subway system and submerged streets in Manhattan's financial district.
As more insurers compete for less construction business, project owners and general contractors can find ample Builders Risk insurance at reduced or stable rates for projects that are not exposed to catastrophes, market executives say.
Insurance and advertising: At first glance, it doesnt seem like these two industries have a lot in common. But since millions of viewers and I spend an hour every Sunday night immersed in the 1966 world of ad man Don Draper and his compatriots on Mad Men, its inevitable that...
The last time buffer liability insurance was in vogue, Ronald Reagan was in the White House. But now, the need for a buffer layer of excess coverage is emerging back into the structure of risk-sharing within the excess and umbrella insurance worlda sign that the market is transitioning from soft...
Ten south Texas residents have been sentenced to federal prison for their roles in a scheme to defraud the American Family Life Assurance Company (Aflac) by filing false injury claims under Aflacs Accident-Only Insurance Plan.
Ten south Texas residents have been sentenced to federal prison for their roles in a scheme to defraud the American Family Life Assurance Company (Aflac) by filing false injury claims under Aflacs Accident-Only Insurance Plan.