risk News

Cargo Theft Surges as Holiday Season Approaches, Verisk Says

Be on the lookout for Grinch-like characters hanging out at transportation hubs over the holidays. A CargoNet analysis of holiday-period theft data from the past five years shows a heightened risk during the Christmas and New Year periods. The days …

US House Task Force Releases ‘Blueprint’ for Federal AI Responsibility

A U.S. House of Representatives task force on artificial intelligence on Tuesday released a report of more than 250 pages outlining the potential benefits and harms of the technology. The 24 members of the bipartisan House Task Force on Artificial …

AI Focal Point of Cybersecurity Outlook for 2025, Says Experian

Artificial intelligence is at the center of Experian’s annual breach forecast due to its enabling capabilities. Michael Bruemmer, vice president of global data breach resolution at information services company, said that while ransomware and breaches affecting the supply chain dominated …

Moody’s: Northeast U.S. States in the Wildfire Spotlight

States such as California are certainly experiencing a more ferocious wildfire season this year than a relatively quiet 2023. Combined CAL FIRE and U.S. Forest Service figures record over 1 million acres burnt in California this year, way above the …

Tech Giants Face More BOE Scrutiny Under Supplier Risk Rules

Major technology companies working with U.K. finance firms will face closer scrutiny, regulators said on Tuesday, as they set out long-awaited new rules to tackle potential risks posed by critical third-party suppliers. Under regulations coming into force starting Jan. 1, …

Hurricane Risk Prompts a Caribbean Bank to Disaster-Proof Its Finances

Hurricane Beryl ripped through the Caribbean last week, leaving small island governments rushing to find funds for the billions of dollars in damages. It was the type of situation that Stefano Capodagli is trying to prepare for at the Caribbean …

New Drivers and Electric-Vehicle Tech Bring New Risks to Auto Insurance Market

High claim severities, persistent risky driving behavior, electric vehicles and shop-and-swap consumers are challenging auto insurers to stay profitable. The challenges will continue through the end of the year and beyond, according to the 2024 U.S Auto Insurance Trends Report …

Corporate Threat Level at Its Highest in a Dozen Years, New Report Shows

Escalating threats on multiple fronts are creating a ‘polycrisis’ of risk, with increased economic volatility, geopolitical upheaval and the disruptive force of AI driving the corporate threat level to its highest in 12 years, a new report shows. A survey …

32.7M Homes at Risk of Hurricane Damage, Report Shows

More than 32.7 million residential properties are at risk of moderate or severe damage sustained from hurricane-force winds from Texas to Maine, a new report shows. The large number of at-risk homes in CoreLogic’s 2024 Hurricane Risk Report, which comes …

Study Shows Longer Freight Trains Have Higher Risk of Derailment

The longer the freight train, the greater the risk of derailment, new research from the Society for Risk Analysis shows. The study draws on the example of the February 2023, East Palestine, Ohio derailment, in which 38 cars from a …