The insurance industry must play a key role in spurring positive movement on dealing with the environmental issues caused by climate change, says a report from the advocacy group Ceres.

In the last four years, Terry Nay, director of safety & operational excellence at UNS Energy Corp., has taken a three-pronged approach to worker health, emphasizing: safety-leadership training; a behavioral-based safety program within the workforce; and a safety-process auditing system.

As is the case with the majority of the energy-utilities industry, UNS Energy Corp.s P&C risk portfolio is balanced between casualty risks from the operation of high-voltage electricity and property exposures stemming from multibillion-dollar power-generation facilities. These property risks are insured by FM Global.

Electric utilities are highly complex and technical businesses, and their risk managers face a daunting array of threats to employees, customers and physical assets.

Insurers and reinsurers are turning to high-grade government bonds as a response to economic turmoil in Europe, but as carriers look to reduce their exposure to sovereign default, they may be opening themselves up to interest and inflation rate risks down the road, a recent report says.

Insurers and reinsurers are turning to high-grade government bonds as a response to economic turmoil in Europe, but as carriers look to reduce their exposure to sovereign default, they may be opening themselves up to interest and inflation rate risks down the road, a recent report says.

The latest estimate of U.S. insured losses from Hurricane Isaac falls between $1 billion and $2 billion, says Risk Management Solutions.

The latest estimate of U.S. insured losses from Hurricane Isaac falls between $1 billion and $2 billion, says Risk Management Solutions.