Insurance & risk news from around the world
African reinsurance markets have experienced material growth in the past decade, despite a challenging operating environment, with significant headwinds of currency volatility and inflationary strains amid global softening market conditions. That is the verdict of the annual Africa reinsurance report from rating agency AM Best, which says that, in the past year, the continent’s reinsurers have been affected by slower…
Read more here:: Commercial Risk Online
The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis.
Read more here:: Property Casualty 360
The U.S. freed the New York-based insurer from enhanced regulation, removing the scarlet letter it wore since the 2008 financial crisis.
Read more here:: Property Casualty 360
Debate tackles controversial topic of targets, with one side arguing they are vital and another that they are ‘tokenistic’
Read more here:: Insurance Business Online
The president said Puerto Rico, which already was a $74 billion mountain of debt and a shrinking economy, will need a costly recovery.
Read more here:: Property Casualty 360
Which security functions are best handled by third parties, and which should be kept in-house? Experts weigh in.
Read more here:: Dark Reading
Valeant Pharmaceuticals International is considering a new round of borrowing. That is one reason investors should consider cashing in after the stock’s big recent rally.
Read more here:: Wall Street Journal
The market is acting like the economy is about to take off, though hurricanes and tax cut debate make it hard to see the future.
Read more here:: Wall Street Journal
Device-based data requests from government agencies dropped in the first half over last year, but Apple fulfilled a higher percentage of those requests, according to its transparency report.
Read more here:: Dark Reading
Expansion of scheme will bring 47,000 firms in scope; compliance and recruitment costs set to rise
Read more here:: Risk.net
The breach affects customers of certain Whole Foods taprooms and table-service restaurants.
Read more here:: Dark Reading
Several updated Mac models don’t receive EFI security fixes, putting machines at risk for targeted cyberattacks.
Read more here:: Dark Reading
Every deal banker has a pile of pitches that were rejected by clients who said the tax bill made them too costly. Bankers will start dusting those pitches off if the Trump plan’s lower corporate rate become law.
Read more here:: Wall Street Journal
News from All Risks, Ltd., XS Brokers, RMS and more.
Read more here:: Property Casualty 360
Both Himes and an FBI agent called for international cybesecurity norms during a conference in New York.
Read more here:: Property Casualty 360
One day after a rockfall killed a British tourist on El Capitan¸ another rattled Yosemite National Park’s famous rock climbing destination on Thursday¸ injuring one man. Park officials identified the man as Jim Evans. The tourist killed on Wednesday was identified as Andrew Foster of Wales. His wife was seriously injured¸ but her name has not been released by park authorities. The injured woman was airlifted to a nearby hospital. The couple were visiting the park from the United Kingdom and were there to rock climb¸ though they were not climbing at the time of the rockfall¸ the parks service said. Thursday’s rockslide occurred at 3:21 p.m. in the same area as Wednesday’s fatal rockfall¸ said Scott Gediman¸ the public affairs officer for Yosemite National Park.
Read more here:: The Claims Page USA
We have surprisingly little data on how to evaluate infosec job candidates academic qualifications. That needs to change.
Read more here:: Dark Reading
Our research on the factors necessary for successful collaboration has shown that although technology is an “enabler” of interactions, collaboration is a collection of human behaviors. What we found most critical are two things: a “collaborative mindset” and learning how to collaborate successfully.
One of our assessment tools (TCEP, which I wrote about in my last blog), is a metric of how collaborative a team or organization is. This metric is subjective, but it does allow everyone to put themselves on the same scale, so groups, teams, and departments, can compare themselves to each other.
One of the characteristics we are able to tell from these TCEP scores is if the team, group, or department has a collaborative mindset. Often the behaviors of an organization follow the behaviors of the leaders. One of the latest “bad” examples is Travis Kaplinik, the former CEO of Uber.
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Read more here:: CIO.com
More than 25 percent of used vehicles sold at eight CarMax locations across the U.S. contained safety defects that weren’t repaired¸ despite being under recall¸ according to a review by car safety advocates. Some of the cars included unrepaired Takata airbags¸ which have been linked to numerous deaths. Problems with used cars with open recalls being sold aren’t new. But the study—conducted by the Center For Auto Safety¸ the Consumers for Auto Reliability and Safety Foundation and the MASSPIRG Education Fund—found sales of vehicles with unfixed safety recalls have doubled¸ compared to a previous sutdy in 2015 that looked at five CarMax locations.
Read more here:: The Claims Page USA
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Florida was spared the worst of Hurricane Irma. And as homeowners continue to file insurance claims¸ it’s becoming clear just how glancing the blow was for most of the state. As of Wednesday morning¸ Citizens Property Insurance Corp. had received 45¸681 claims. On a Wednesday morning conference call with board members¸ board chairman Chris Gardner said the state-run insurer of last resort now anticipates a total of about 70¸000 claims over the next 18 to 24 months.
Read more here:: The Claims Page USA