News

Even in the face of the known risks posed by cyber attacks, many corporate boards are not taking the proper steps to address cyber-security issues, says a Securities and Exchange Commission official.

The House Financial Services Committee is moving to effectively shut down the operations of the FSOC for at least six months by barring it from designating any financial institution as systemically significant.

The Workers Compensation Institutes annual Workers Compensation Educational Conference (WCEC), to be held Aug. 17-20 at the Orlando World Center Marriott in Florida, will include a two-day breakout for risk managers, addressing several workers comp-related challenges critical to their mitigation programs.

Buyers are speculating that the $22 billion market can continue its streak without an annual loss even as Warren Buffett said last week that Berkshire Hathaway Inc. is avoiding writing hurricane insurance in Florida because premiums have been pushed too low.

How long can commercial-lines insurers use the low-interest-rate environment as justification for rate hikes? ALIRT Insurance Research says not much longer. The firm also breaks down Q1 results for its composite of U.S. P&C carriers.

Four emerging risks and neglect keep homeowners and insurers up at night.