Bermuda reinsurers have taken a beating, but have managed to come up with creative solutions to deal with a disaster-ridden 2011.

With the advent of social media comes a new risk-management threat for retailers this holiday season: flash robsmobs that show up with the goal of robbery in mind.

The string of catastrophes that wrought so much destructionand caused so many insurer lossesearly in 2011 also spurred the formation of special purpose insurers (SPIs) in Bermuda with 17 formed this year, the largest number to date.

The string of catastrophes that wrought so much destructionand caused so many insurer lossesearly in 2011 also spurred the formation of special purpose insurers (SPIs) in Bermuda with 17 formed this year, the largest number to date.

Climate change will lead to 10 times the number of hotter days in many areas, with more heavy precipitation and higher wind speeds globally, but adaption and mitigation can reduce the risks significantly, according to a new report.

Climate change will lead to 10 times the number of hotter days in many areas, with more heavy precipitation and higher wind speeds globally, but adaption and mitigation can reduce the risks significantly, according to a new report.

Terry Fleming, director of the Division of Risk Management, Montgomery County, Md., and immediate past president of the Risk and Insurance Management Society, cautions that the Neal Bill, introduced by Rep. Richard Neal, D-MA, and Senator Robert Menendez, D-NJ, could mean hardening rates in the future.

Catastrophe losses, a difficult trading environment and shrinking reserve releases are together putting considerable pressure on underwriting results this year, and investment earnings are providing little relief," says Catherine Thomas of A.M. Best.