Corporate Risk

As data breaches proliferate, companies are under pressure to protect their customers, their reputations and their bottom line.

Insurance regulators in the U.S. have begun signing up with their international peers to push a new ERM regulation called “ORSA”—Own Risk and Solvency Assessment, says Dave Ingram, executive vice president of Willis Re.

As director of risk management services for the Tucson Electric Power Co., Karl Zimmel has had his share of challenges, the latest being the massive wildfires in Arizona, which have charred hundreds of thousands of acres and come dangerously close to several of TEP’s facilities.

As director, risk management services for the Tucson Electric Power Company, Karl Zimmel has had his share of challenges, the latest being the massive wildfires in Arizona, which have charred hundreds of thousands of acres and threatened TEP facilities.

A BP PLC contractor has agreed to pay the British oil giant $75 million to settle all potential claims between the companies over last year's deadly rig explosion and the massive oil spill.

The U.S. Supreme Court dismissed a class-action lawsuit alleging sex discrimination against Wal-Mart, and lawyers say the ruling narrows the grounds on which class-action status can be sought, whatever the issue.