Public Sector Risk

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.

Obama's counterterrorism track record from the man who figured out how to model terrorism risk.

American Hospital Associations subsidiary, AHA Solutions, Inc., has chosen Chubb Group as the lead provider of cyber liability insurance for its members.

As temperatures spike and crops wither, the debate about climate change heats up. Nobel Prize-winning chemist, NOAA weigh in.