Public Sector Risk

The diverse experiences, career paths and responsibilities of nearly 500 risk specialists has been captured in one place giving the first profile of the risk management profession courtesy of The National Alliance Research Academys risk and insurance studies division.

The diverse experiences, career paths and responsibilities of nearly 500 risk specialists has been captured in one place giving the first profile of the risk management profession courtesy of The National Alliance Research Academys risk and insurance studies division.

The number of terrorist attacks each year has more than quadrupled in the decade since September 11, 2001, a study released on Tuesday said, with Iraq, Pakistan and Afghanistan the most affected.

New York state and New Jersey need at least $71.3 billion to recover from the devastation wrought by Superstorm Sandy and prevent similar damage from future storms, according to their latest estimates.

The East Coast electric grids slow recovery from Hurricane Sandy highlights the shortcomings of the overburdened utility system and its susceptibility to damage from a different kind of surprise threat: terrorist attacks, especially hackers, notes one risk manager.

S&P believes reinsurers can withstand losses well outside the range of current estimates, but says some market participants believe loss amounts could be 30-50 percent higher than estimated due to the hurricane-deductible debate in some states.