Cyber-Risk Costs Resist Overall Trend
Businesses' total cost of risk declined again in 2017, but cyber insurance costs moved in the opposite direction, rising 33%.
Risk Management Costs Dove 5% in 2016
The main drivers were drops of 12% in the cost of covering property risks; 6% for workers’ compensation; and 5% for liability.
Cybersecurity Insurance Becoming a Must-Have
A new survey finds 80% of companies bought a stand-alone cybersecurity policy in 2016, suggesting such plans are quickly becoming the new norm.
Companies Lag on Forecasting Critical Risks
Most risk managers are using insurance claims histories to predict emerging risks.
CFOs Disregarding Cyber Risks
But government surveillance and the Heartbleed security bug may finally draw their attention to data security vulnerabilities, one consultant thinks.
Study Shows Risk Management Boosts Corporate Valuations
Companies showing "mature risk management practices" may have valuations of up to 25 percent more as a result.
Catastrophes Strike Terror into Risk Execs
The market for cat insurance coverage is “highly volatile,” expensive and meager, the leading risk management society argues.
Fears of Vanishing Terror Insurance Grow
Failure to re-up the federal law “will undoubtedly delay, if not scrap, major development plans, thereby jeopardizing an already fragile economic recovery,” an insurance broker testifies.
Marine Insurance: A Tale of Two Coverages
Climbing reinsurance rates and high expenses of removing wrecked vessels are adding to marine liability costs.
Buying Property Insurance in Stormy Times
Companies with moderate catastrophe exposures could see rate hikes as high as 10%, a big brokerage predicts.
‘Total Cost of Risk’ Redefined
Risk managers, often seen mostly as insurance buyers, have work to do in expanding their view of risk to match those of senior executives and board members.