All Online only articles – Page 14
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Top ten US nat cats
AIR modeled the worst natural catastrophes to hit the US in the past Century and what they would cost in today’s terms
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UK proposes £500,000 fine for data breaches
The government launches consultation on whether breaches of the Data Protection Act should be met with penalty fines
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FSA fines UBS worker for role in illegal trading
Regulator also bans Andrew Cumming from the financial services industry
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Marsh pays $435m to settle shareholder lawsuits
Duperreault says: “We are happy to put it behind us.”
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UK Bribery Bill due in next Parliamentary session
New law intended to simplify current legislation
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Copenhagen climate agreement in deadlock
India’s special enjoy on climate change says that a global commitment to reduce emissions is a long way off
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Brokers ordered to prepare clients for swine flu
Insurers and brokers should advise their clients to take out business continuity plans, said Crisis Survivor
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Corporate manslaughter fines could run into millions
Fines range upwards from £500,000, according to draft rules on the corporate manslaughter offence
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Regulator fines UBS £8m
Whistleblower reveals unauthorised trading and risk control failures
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RMS models black swan
A Manhattan asteroid strike would cost over $1 trillion, said the risk modeller
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Lloyd’s and NATO highlight biggest risks
Piracy, cyber security and climate change are the most serious threats to business and society, heard a New York conference
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BP fined $87m for safety failures
Labour safety authorities issue BP with a record fine after it fails to eliminate hazards that caused the 2005 Texas City refinery explosion
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Fewer Health & Safety investigations
Figures reveal the number of HSE investigations declined by 43% in five years
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BSI to develop financial services compliance standard
The UK’s standards body, the BSI, has developed a standard for compliance teams in UK financial services firms.
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US sanctions North Korean bank
The US Treasury has placed restrictions on a North Korean development bank because of its links to the arms trade
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Gibraltar ‘white listed’
Gibraltar has signed 13 tax information sharing agreements and thus moves onto the OECD white list
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Willis appoints new COO of captives
Pauline Margrett is promoted to chief operating officer of the brokers Global Captive Practice