Capstone Insights
LONDON–(BUSINESS WIRE)–A new study of the UK cyber risk insurance and broker community reveals startling findings. First and foremost, the insurance industry needs to address non-affirmative cyber in a meaningful way. Second, measurement of cyber risk in financial terms is highly deficient among insurance customers and the insurance industry itself. Finally, a series of catastrophic cyber events or a systemic cyber event will drastically alter the way in which insurers measure the risk profile of each applicant. Continue reading →
Risk managers are very concerned about the cyber risks facing their companies and are heavily investing in protection against cyber attacks with the blessings of their boards and CEOs, a major shift from even just 10 years ago when convincing a company to worry about cyber was a big challenge for risk managers. Continue reading →
In the wait for self-driving technology, cell-phone toting tech bros may have to cede their spot in line to pizzas, Craigslist couches and the mounting ephemera of e-commerce. Continue reading →
Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS).
Allianz revealed that business interruption – including supply chain disruption – ranks as the most important global risk for the sixth year in a row (listed by 42 percent of respondents). Continue reading →
General Motors Co. is seeking U.S. government approval for a fully autonomous car – one without a steering wheel, brake pedal or accelerator pedal – to enter the automaker’s first commercial ride-sharing fleet in 2019, executives said. Continue reading →
Federal regulators are taking the first step toward creating a policy guiding the development of autonomous transportation beyond self-driving cars to include trucks, buses and other ground-based modes.
The U.S. Transportation Department will soon publish four requests for public comment on how to cast aside roadblocks for transportation advancements in vehicles, trains, buses, commercial trucking and transit systems, Transportation Secretary Elaine Chao said Wednesday. Continue reading →
The holiday season is upon us. This time of the year, the reception area of a business entrance or lobby is an area of potential unwanted guests. The constant traffic from Holiday gifts, mail, and normal office deliveries are an opportunity for an unsavory intruder to “slip through” unnoticed and enter the offices, bathrooms, storage areas and surrounding corridors, and increase the risk of theft, violence, industrial espionage, sabotage, or even terrorism. Continue reading →
Defective product risk is an increasing peril for companies, causing significant financial damage, according to a newly released Allianz Global Corporate & Specialty (AGCS) report.
Recall exposures have increased significantly over the past decade, bringing the potential for larger and more complex losses than ever before, AGCS warned. Continue reading →
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