Corporate Risk

Insurer Steadfast does not have a duty to defend AES Corp. in a climate change case alleging that AES emissions have contributed to rising sea levels threatening the village of Kivalina, Alaska.

While risk managers with traditional skills are still in the majority, a large group of risk managers40 percentexhibit non-traditional characteristics, and are drivers and evangelists, with more social skills and charm, according to a study based on profiling methodology.

To remain viable, reinsurers need to be looking to the future, recognizing that their customer base will be seeing substantial transformation, according to a study by PricewaterhouseCoopers.

Carrier executives, brokers, catastrophe modelers and risk managers talk to NU about how the industry has changed in the 10 years since 9/11.

Even with the best risk management plans in place, including a backup generator and two sump-pumps in the basement, some things just cant be anticipated. This is the main lesson from Hurricane Irene.

With modern societys ubiquitous reliance on the electrical grid, space weathersuch as a severe solar stormcan wreak havoc on the electric-power supply and trigger losses from business interruption and damaged physical assets.