Public Sector Risk

With insurance industry support, the New York City Council Committee on State and Federal Legislation on June 17 proposed a resolution supporting the extension of the Terrorism Risk Insurance Act.

New York Mayor Michael Bloomberg on Tuesday announced a $20 billion plan to prepare for rising sea levels and hotter summers expected as a result of climate change in the coming decades.

Risk managers from both the public and private sectors pull back the curtain on their third-party administrators and discuss why these vendors remain a great fit.

The Midwest received no reprieve from the intense May storm season this weekend, as Oklahoma City and St. Louis were pummeled by tornadoes, flooding and straight-line winds on Friday.

Catastrophe modeler Eqecat says it has finalized a multi-year agreement to be a part of competitor Risk Management Solutions open, cloud-based platform, RMS(one).

The storm system that produced deadly tornadoes this past week, including the one that leveled Moore, Okla., is expected to cause between $2 billion and $5 billion in insured property losses, according to catastrophe modeler Eqecat.