Corporate Risk

A German insurance company says it organized an orgy with prostitutes in a renowned Hungarian spa to reward its best salesmen.

The National Oceanic and Atmospheric Administration says it expects 12-18 named storms during the 2011 Atlantic hurricane season, which begins in less than two weeks.

Organizations facing a growing number of global crises are wary of breaks in their supply chain, stockpiling critical items and commodities, and sometimes resorting to “panic buying,” according to a risk-management expert.

Hartford Financial Services Group Inc. said Tuesday that its chief risk officer will retire in the fourth quarter of this year and it is launching a search for a successor.

While at the RIMS 2011 conference in Vancouver, we talked pricing, emerging risks, competitive advantages and industry-wide challenges with Hank Watkins, president of Lloyd's North America, Tim McAuliffe, president of specialty casualty at Ironshore and Rudi Flunger, chief marketing officer of Swiss Re Corporate Solutions.

While at the RIMS 2011 conference in Vancouver, we talked pricing, emerging risks, competitive advantages and industry-wide challenges with Hank Watkins, president of Lloyd's North America, Tim McAuliffe, president of specialty casualty at Ironshore and Rudi Flunger, chief marketing officer of Swiss Re Corporate Solutions.

The details of the fine print of a merger agreement—or a D&O liability insurance policy—can be daunting. But when Southwest Airlines closed its $1 billion-plus deal to buy AirTran two weeks ago, it did so knowing that language of a tail-coverage endorsement it bought for AirTran’s directors and officers would...

Companies are operating with a false sense of security when it comes to cyber attacks, according to a new survey from Towers Watson.