All Risk News articles – Page 256
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Online onlyXL to remain in ‘practically all’ lines: McGavick
Staff eliminations and business cutbacks are efforts to prevent XL entering a downward spiral
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AnalysisInsurers are stable: AIRMIC Live
The impact of the financial crisis has mainly been offset by a hardening of the insurance cycle, say industry experts
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Online onlySupply chain disruption risk doubles
Global supply chains are becoming more vulnerable in more countries, say political risk analysts
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Online onlyS&P highlights another systemic risk
The rating agency said collateralisted loan obligations could be at risk if just a few companies default on their debt
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More due diligence needed
Firms are often ‘blissfully unaware’ of the range of risks that threaten the viability of their investments, say consultants
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BSI consults on data protection standard
Standard designed to help organisations comply with 1998 Data Protection Act
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Online onlyCrisis pushes UK deeper into recession
UK economy is expected to contract by 3.3 % and unemployment to reach close to 2.9m by the end of the year, says CBI
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Crisis spurs investment in risk technology
The market for risk management systems is expected to grow by 13%
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HBOS risk boss was ignored
A senior risk officer warned that the bank was moving too fast but he was ignored
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FSA raised risk concerns before HBOS whistleblower
The UK regulator said it warned the bank about risk controls 2 years before a regulatory risk boss
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Online onlyData loss could rise during downturn
More redundancies and a growing black market for stolen information contribute to the problem says Overtis
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Safety body welcomes new health and safety law
The British Safety Council said the new Act, which threatens employers with prison over health and safety offences, would help increase internal controls
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Online onlyUS sets limit on exec pay for bailout firms
President Barack Obama has set a $500,000 limit on annual pay for executives at propped-up companies
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AIG investments took additional risks
At one stage AIG Investments was putting around $70bn into subprime bonds, according to a report
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Online onlySlow growth for Euro insurers in 2009
Further write-downs are expected and certain lines will be curtailed, according to Ernst & Young
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Klaus Schwab delivers Davos speech
The world is experiencing a wake-up call to overhaul its institutions, systems and attitudes, claimed the World Econommic Forum’s founder
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Hiscox warns of rise in ‘unfair dismissal’ claims
The insurer said redundancies can lead to a leap in this type of claim
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Online onlyCommission fines marine hose cartel €131m
The company that revealed the cartel to the authority was not fined
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AIG seeks to sell investment arm
Sources have revealed that the ailing insurer is trying to sell AIG Investments, according to news reports
