All North America articles – Page 16
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RIMS launches risk career tool
The tool focuses on risk manager’s role and career development
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Interviews
RIMS honours member’s achievements
Society presents highest honors to accomplished members and chapters
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Shifting relationship between buyers and brokers
Buyers are driving brokers toward more services and from commission to fees, finds a RIMS/Advisen study
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Financial forum calls for better stress testing
Firms that employ such techniques may be able to deal with the current market turmoil better, says Joint Forum
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SEC nabs short-seller for market abuse
The US regulator has charged a Wall Street trader with spreading false rumours about Blackstone’s acquisition of ADS
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Earthquake threat remains high in US
New maps from the USGS show that earthquakes remain a serious threat in 46 States
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Firms keep shareholders in the dark on toxicity risks
SEC filings show companies silent on known risks, say investment managers
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Former Bayou CEO gets 20 years
Chief exec of collapsed Bayou hedge funds receives sentence for inducing investments of more than $450m
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RIMS supports insurance coverage Act
The insurance coverage for consumers Act would help stabilize prices and increase coverage in the commercial property insurance market, says RIMS
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Feds sue investment firm for $25m in losses
The US Labour Department suit alleges misuse of assets for personal gain
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Tornado losses growing in 2008: AM Best
Tornado losses are approaching those from hurricanes
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Forecasters predict well above average US hurricane season
69% chance of a major hurricane hitting the US coastline this hurricane season, says CSU
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Analysis
Ripples spread from the subprime crisis
Large multinational firms are at risk of an increased threat of claims as a result of rising volatility in the financial markets
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RIMS backs Paulson’s regulatory revamp
The buyers’ association supports the call for an optional federal charter for insurance regulation
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Regulatory reform not a response to crisis: US Treasury
Financial market regulatory overhaul should not take place until after current market turmoil is resolved, says US Treasury Secretary Henry Paulson
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Features
The financial consequences of natural disasters
There is significant value for the public sector to shift from a disaster relief approach – looking for financial support after an event – to one which includes the accumulation of funds and the spreading of risks before a loss occurs. By Reto Schnarwiler
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Features
Bringing brush fire risk under control
In the last decade US brush fire exposures have nearly tripled and the frequency of such events is clearly on the rise. By Amy Block
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Features
The Hayward fault: Is it America’s most dangerous?
A repeat of the 1868 Hayward fault California earthquake today would have enormous consequences. Property worth more than $500 billion and approximately 5 million people in six surrounding counties would suffer badly from such a quake. By Thomas Brocher and other members of the 1868 Hayward Earthquake Alliance
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Features
Talking about modelling
The cost of homeowners’ insurance is a very sensitive subject in US coastal states, and the role that catastrophe models may play in helping underwriters determine rates is bringing them under increasing scrutiny from politicians. By Lee Coppack
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Xerox settles $670m securities lawsuit
The settlement resolves an eight-year-old securities lawsuit