Public Sector Risk

What would happen if numerous major insureds, all with multimillion-dollar policies, all suffered major breaches at once?

As global warming causes more extreme weather and sea-level rise, coastal communities around the U.S. are starting to think about whether, and how, to help people move away from the water.

The incident highlights the risks at some of the older U.S. airports hemmed in by development or their placement near bodies of water that have prevented them from lengthening runways to modern safety standards.

The OIG recently released reports that deemed $9.9 million in approved funds for the Town of North Hempstead ineligible, unsupported or unused and $668,430 in federal funds ineligible.

More companies are buying cyber coverage than ever, but the market is slowing, according to the latest survey from Zurich and Advisen.

American International Group Inc. lifted limits on property claims tied to acts of terrorism to $1 billion as clients ask for more protection in larger cities.