Public Sector Risk

South Korea's second-largest non-life insurance company, Hyundai Marine & Fire, is working out details with the government to offer what will be known as "four evils" insurance, created to compensate victims of what the Park Geun-hye government considers the four greatest issues plaguing South Korean society.

Hundreds of thousands of spectators and participants will be converging by air, sea, rail and road towards the Black Sea town of Sochi. They are joined by some 80,000 members of the Russian police, army and intelligence services to ensure the games are protected from violence.

Cities can burn, regardless of the century or quality of fire service. Before Sept. 11, 2001, the FDNY had already earned a reputation for heroism.

Mondays expected launch of Citizens Property Insurance Corp.s Property Insurance Clearinghouse in Florida will moderately increase private- and capital-market reinsurance demand and should modestly help lower the last-resort insurers policy count, according to Fitch Ratings.

On January 17, 1994, the Northridge Earthquake, a Magnitude 6.7 temblor, occurred 20 miles northwest of downtown Los Angeles. It's been a mixed bag since then with respect to preparedness for another major quake.

New earthquake fault lines have been discovered on the West Coast, including in Los Angeles and Spokane, Wash., but it is yet unclear how this may affect home development or insurance rates in the at-risk areas.