Risk Management
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Political violence a ‘real threat’ in US
Increased political violence in the US driven by hostility between rival politicians in the run-up to the presidential election is…
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Funk focuses on climate adaption strategies for German firms
Leading independent German and international broker Funk has teamed up with Intelligent Energy Services (IE2S) to develop climate adaption strategies…
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DDoS attacks surge 46% in H1
The number of distributed denial of service (DDoS) cyberattacks spiked by 46% across the world in the first half of…
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German insurers drive climate-resilient building
German insurers have been issued with new guidelines to make homes more resilient to climate risks when they are repaired…
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Calm workers comp market encouraging collaboration
The stability of the workers compensation market has opened the door for risk managers and the insurance industry to improve…
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Toxic waste bound for Thailand re-routed
Shipping containers bound for Thailand allegedly filled with tons of hazardous industrial waste from Albania are now expected to return…
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UK tracks fall in cyber claims
Twice as many UK organisations now able to recover their own systems after a cyberattack, rather than pay a ransom,…
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Risk management overload a concern but solutions on hand, say UK experts
Risk managers face potential overload in the polycrisis but can meet this challenge by prioritising key risks, making sure risk…
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PwC fined £15m in first FCA auditor fine
The UK’s financial regulator has fined auditor PricewaterhouseCoopers (PwC) £15m for failing to raise the red flag about fraudulent activity…
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Airmic warns UK firms unprepared for climate reporting
A survey by UK risk and insurance management association Airmic finds that 20% of respondents say their company is only…
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Majority of companies lack flood action plan
More than half (54%) of public sector and private companies do not have a flood action plan in place, according…
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Green exposures steer energy companies to captives
Concerns over climate change are driving more companies to embrace green technology, but the move is changing the nature of…
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Helvetia appoints group CRO
The rising significance of risk management at board level across Europe was underlined this week as Swiss insurer Helvetia Insurance…
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Captive owners advised to tread carefully with cyber risks
Cyber liability risks can be effectively covered through captive insurers, but organisations should scrutinise their potential exposures and the consequences…
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Best-rated US captives saw 53% increase in net income in 2023
US captive insurance companies rated by AM Best reported a 53% increase in net income in 2023 together with surplus…
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ABI calls for government action on flooding amid record payouts
The UK government needs to take urgent action, including reform of the planning system, in order to combat the “devastating…
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Tesla sued after electrocution at Gigafactory
The family of a worker who was electrocuted at a Tesla factory in Austin, Texas, earlier this month has filed…
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Firms must prioritise health and safety of travelling employees
Organisations are being urged by health and security services company International SOS to prioritise the health and safety of their…
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European Commission publishes FAQs to support CSRD implementation
The European Commission has published a set of frequently asked questions (FAQs) to support stakeholders in the implementation of the…
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Insureds urged to review policy wordings after CrowdStrike
Cyber insurance buyers should review their policies, particularly wordings related to business interruption exposures, to ensure they are adequately covered…