Public Sector Risk

The federal government is months behind in testing data security for the main pillar of Obamacare: allowing Americans to buy health insurance on state exchanges due to open by Oct. 1.

Reinsurance intermediary Guy Carpenter and catastrophe modeling firm Risk Management Solutions say they helped the Metropolitan Transportation Authority sell the first-ever bond to protect against storm surge.

German automaker Volkswagen successfully convinced Englands High Court to issue an interim injunction against Englands University of Birmingham that will delay publication of an academic paper on how anti-theft systems are at risk from hackers.

The cost of cybercrime and cyber espionage in the U.S. could reach $100 billion annually, according to a report by cyber-security company McAfee and Washingtons Center for Strategic and International Studies.

Three major bond insurers appear to be working with Detroits emergency manager to gauge their liability in the midst of the citys bankruptcy filing last Thursday.

New York's Metropolitan Transportation Authority (MTA), the biggest transportation network in North America, is selling a $125 million catastrophe bond designed to cover the costs of damage from a future storm or hurricane.