Public Sector Risk

The NFPA released its annual report detailing national fire trends and the resultant fatalities and property losses.

The risks being taken by students today make football look blas, says Shirl Hedges, underwriting manager for schools at Philadelphia Insurance Cos. On the activity list these days: survival weekends, rock climbing, bronco bull riding and flying to a field-trip destination in a parents private airplane.

Carrier executives, brokers, catastrophe modelers and risk managers talk to NU about how the industry has changed in the 10 years since 9/11.

Even with the best risk management plans in place, including a backup generator and two sump-pumps in the basement, some things just cant be anticipated. This is the main lesson from Hurricane Irene.

Even with the best risk management plans in place, including a backup generator and two sump-pumps in the basement, some things just cant be anticipated. This is the main lesson from Hurricane Irene.

With modern societys ubiquitous reliance on the electrical grid, space weathersuch as a severe solar stormcan wreak havoc on the electric-power supply and trigger losses from business interruption and damaged physical assets.