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Airline hacker case points to deeper cyber issues

Published May 26, 2015 - 9:30am CST

(Reuters) — Security researcher Chris Roberts made headlines last month when he was hauled off a plane in New York by the FBI and accused of hacking into flight controls via his underseat entertainment unit.

Terrorism, political violence threats become more concentrated

By: Sarah Veysey

Published May 26, 2015 - 8:58am CST

Terrorism risks are increasing in Western economies because of the threat posed by Islamic extremists, according to Aon P.L.C.

Managing risk inside the Mercedes-Benz Superdome

Published May 24, 2015 - 6:00am CST

In the latest episode of Business Insurance In Focus, we get some inside perspective on how risk management challenges are handled at the Mercedes-Benz Superdome in New Orleans.

Pool Re modernization efforts on track

By: Sarah Veysey

Published May 12, 2015 - 9:45am CST

Pool Reinsurance Co. Ltd., the U.K. government-backed terrorism reinsurance backstop, Tuesday announced details of a series of modernization proposals that will take effect in October.

Mercer launches value-based employer health care tools

By: Matt Dunning

Published May 04, 2015 - 3:08pm CST

Mercer L.L.C. on Monday said it has launched a suite of online and mobile tools designed to help employers provide value-based health care to their employees.

David G. Cammarata covers top Verizon risks with massive insurance programs

By: Matthew Lerner

Published April 26, 2015 - 6:00am CST

As a major communications company with buildings in urban areas, Verizon Communications Inc. has significant cyber and terrorism exposures.

Insurance regulators set goals for cyber security rules

By: Mark A. Hofmann

Published April 20, 2015 - 10:29am CST

Cyber security regulatory guidance for insurers and insurance producers must be flexible, according to principles issued by the National Association of Insurance Commissioners.

Private sector lags on cyber security

By: Bill Kenealy

Published March 20, 2015 - 1:31pm CST

CHICAGO — Despite the recent spate of highly-publicized data breaches, companies and their insurers are still struggling to get their arms around the risks represented by cyber crime.

2015 Risk Management Summit photos

Published March 20, 2015 - 12:43pm CST

Risk managers from the United States and Europe gathered at the Roosevelt Hotel in New York on March 4-5 for the Risk Management Summit, a Business Insurance annual networking and educational conference.

RIMS backs streamlining terrorism classification

By: Matthew Lerner

Published March 17, 2015 - 12:51pm CST

The Risk and Insurance Management Society has sent a letter to the Federal Insurance Office, Department of the Treasury in support of simplifying the process by which destructive acts are certified as terrorist events, RIMS said in a statement Tuesday.

2015 Risk Management Summit highlights cyber terrorism, international risk

Published March 15, 2015 - 6:00am CST

In our latest In Focus video, senior risk managers, leaders and innovators convene for the Business Insurance two-day networking and educational conference in New York City.

CIA chief says social media 'greatly amplifies' terror threat

Published March 13, 2015 - 2:45pm CST

(Reuters) — Social media and other technologies are making it increasingly difficult to combat militants who are using such modern resources to share information and conduct operations, the head of the U.S. Central Intelligence Agency said Friday.

Terrorism insurance pool buys reinsurance for first time

By: Sarah Veysey

Published March 02, 2015 - 11:48am CST

Pool Reinsurance Co. Ltd., the U.K. government-backed terrorism reinsurance backstop, has bought commercial reinsurance coverage for the first time since it was established two decades ago.

U.S. to establish new cybersecurity agency

Published February 10, 2015 - 11:04am CST

(Reuters) — The U.S. government is creating a new agency to monitor cybersecurity threats, pooling and analyzing information on a spectrum of risks.

Terrorism insurance backstop guidance doesn't address lapse

By: Mark A. Hofmann

Published February 04, 2015 - 2:57pm CST

FIO's new interim guidance on terrorism insurance does not address whether the statute that reinstated the backstop would be retroactive to Jan. 1.

Paris terrorism attacks spotlight multinational security exposures

By: Louise Esola

Published January 18, 2015 - 6:00am CST

The terrorist attacks in Paris earlier this month shocked the world and served notice to companies in the West the urgent need to ratchet up security for their employees.

TRIA's temporary lapse sparks interest in private coverage of terrorism risks

By: Matthew Lerner

Published January 18, 2015 - 6:00am CST

The temporary lapse of the federal terrorism reinsurance backstop has spurred growth in the stand-alone market, with greater buyer interest in purchasing private insurance and more insurers offering private coverage of the risk.

Risk managers, insurers turn focus to making terrorism backstop permanent

By: Mark A. Hofmann

Published January 18, 2015 - 6:00am CST

Now that the federal government's terrorism insurance backstop has been extended through 2020, supporters are refocusing on what should be done before Congress deals with reauthorization again.

AIR survey reveals steady growth of expected average annual insured losses

By: Bill Kenealy

Published January 14, 2015 - 1:54pm CST

A new survey released by catastrophe modeling firm AIR Worldwide Corp. on Wednesday finds expected average annual insured losses increasing steadily.

President Obama signs TRIA extension bill into law

By: Mark A. Hofmann

Published January 13, 2015 - 9:17am CST

President Barack Obama has signed into law legislation extending the federal terrorism insurance backstop through Dec. 31, 2020.

U.S. military Twitter feed hacked, apparently by Islamic State sympathizers

Published January 12, 2015 - 2:30pm CST

(Reuters) — The Twitter feed for the U.S. military command that oversees operations in the Middle East was hacked on Monday by people claiming sympathy to the Islamic State militant group being targeted in American bombing raids.

Obama to propose new laws to protect consumer data, privacy

Published January 12, 2015 - 10:51am CST

(Reuters) —President Barack Obama on Monday plans to discuss three new proposed laws aimed at protecting Americans and the trail of data they leave on smart phones, computers and other devices.

Senate approves federal terrorism insurance backstop

By: Mark A. Hofmann

Published January 08, 2015 - 2:16pm CST

The Senate on Thursday followed the House of Representatives’ lead by approving legislation that would reinstate the federal terrorism insurance backstop through the end of 2020.

United Airlines attendants claim fired over their security concerns

Published January 08, 2015 - 10:53am CST

(Reuters) — A group of 13 flight attendants say they were illegally fired by United Airlines after refusing to fly on a Hong Kong-bound plane last July that had a “threatening” message scrawled under its tail engine, according to a complaint filed with the U.S. Department of Labor.

Insurance, business leaders urge Senate action on TRIA renewal

By: Mark A. Hofmann

Published January 08, 2015 - 9:45am CST

A broad coalition of business and insurance groups has written the Senate urging swift passage of the Terrorism Risk Insurance Program Reauthorization Act of 2015.

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