Insurance and risk have always gone together. However, as insurance becomes more complex and regulated, the rise of the chief risk officer is inevitable and the importance is undeniable.

Toyota said its recalling 1.12 million SUVs because their seat belts can be cut by the metal seat-cushion frames, in another case of a safety device that can potentially harm vehicle occupants.

Enstar will assume net reinsurance reserves of about $1.1 billion and cover half of a book of business for Allianz.

More than 49 million personal information records of California residents were compromised in 657 data breaches from 2012 to 2015.