High tax rates are the top risk identified by North America's business leaders in 2013, shows to Lloyd's of London's biennial Risk Index of more than 500 global executives.
Jumping from 15th place in 2011, it has eclipsed cyber liabilities such as fraud, corruption, theft of assets, loss of intellectual property and piracy as the top threat identified by companies.
Richard Ward, Lloyd's CEO, warns that immediate risks like high taxation are taking precedence over long-term issues like business safety.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
