By Mark A. Hofmann Supporters of federal flood insurance legislation look for Congress to follow a House panel’s lead and approve a bill that would put private insurers on an even footing with the National Flood Insurance Program. The House Financial Services Committee earlier this month unanimously approved the Flood […]
Yearly Archives: 2016
By: Sarah Veysey Risk managers play an integral role in ensuring that their companies adopt an enterprisewide approach to cyber security, the Federation of European Risk Management Associations told a European Commission consultation on public-private partnerships in cyber security. In its submission to the European Commission, Brussels-based FERMA said “businesses have […]
Risk Managers Key to Managing Cyber Exposures
By Judy Greenwald Last year was the year of collateral damage with respect to cyber risks with attacks touching people “who never dreamed they might be involved in a security breach,” says Hewlett-Packard Co. in a report issued Wednesday. The Palo Alto, California-based information technology firm says in its “Cyber […]
Cyber Risks Evolving to Hit Less Traditional Targets
By Judy Greenwald NEW YORK — The joint employer concept is an ongoing hot-button issue that is going to continue to be of concern to private and nonprofit employers. “A lot of carriers are staying away” from the issue for that reason, said Michael Borghesi, Chicago-based senior vice president and […]
Insurance Coverage for Joint Employers a Moving Target
By Gavin Souter BOCA RATON, Fla. — Cyber attacks by nation states are a serious threat to U.S. business, and companies should not rely on the government to protect them from the attacks, said Mike Rogers, a former chairman of the House Intelligence Committee. China, Russia, North Korea and Iran […]
U.S. Businesses on Their Own When Facing Foreign Cyber Attacks
By Thomson Reuters U.S. Department of Homeland Security investigations of cyber attacks on the nation’s critical manufacturing sector nearly doubled in the year ended Sept. 30, according to the agency. The Department of Homeland Security’s Industrial Control Systems Cybersecurity Emergency Response Team, or ICS-CERT, said in a report distributed this […]
U.S. Sees Jump in Cyber Attacks on Critical Manufacturers
By Shelby Livingston No. 1 U.S. insurer MetLife Inc. said it plans to divest a large portion of its U.S. retail segment to focus instead on its group life and employee benefits business. The New York-based life insurer, which has been designated a systemically important financial institution by the U.S. […]