Political Risk: No Man is an Island

No Man Is An Island

One of the interesting if unexpected consequences of the global economic crisis is the effect it has had on the English language.  The expression ‘contagion risk’, once the preserve of the medical industry, is now frequently used when discussing the …

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Post-Election: Employers Need to Review Options for PPACA in 2014

Obama Meets Doctos in Oval Office

Whether you are red or blue, we now know it is unlikely the Patient Protection and Affordable Care Act (PPACA) will be repealed or significantly altered with President Obama being reelected and the Senate staying in Democratic control. For employers, 2014 and the implementation of the “Pay or Play” mandate is now looming on the horizon.

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How to Keep Cyber Incidents From Ruining Your Holiday Season

Cyber Holiday

The loss of even a single day’s business to a cyber-incident can be costly enough, but if it occurs during the holiday season—when you might expect to take in  70% of your annual revenue—it can be ruinous. So as we …

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FCPA Guidance, from the Horses’ Mouth

Department of Justice's FCPA Guide

In what the agencies describe as “an unprecedented undertaking by DOJ and SEC to provide the public with detailed information about our FCPA enforcement approach and priorities,” the U.S. Department of Justice has just released its much anticipated  Resource Guide …

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Video: Sandy’s Price Tag Keeps Climbing

Hurricane Sandy: Utter Destruction

The Wall Street Journal reported today that catastrophe modeling firm Risk Management Solutions is telling clients that insured losses from Hurricane Sandy could reach $25 billion or more, the highest potential estimate reported since the storm struck two weeks ago.

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Corporate Indemnification with a Canadian Spin

Exporting lawyers

One theme to which I often return is the relationship between corporate indemnification and D&O insurance. I have already written about the paradox created by the relaxation of UK company law on the extent to which corporate indemnification is permissible.

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Video: Cleaning Up Environmental Claims After Sandy

Hurricane Sandy, Atlantic City, NJ. 31 October 2012. Credit: EPA

There’ll be a lot of complex claim scenarios following the natural disaster named Sandy that struck the heart of America’s most populous region. Among the most complicated will be those that involve the release of hazardous contaminants or pollutants.

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Willis Global CEO: The London Market Should Speak with a Single Voice

London Skyline (evening)

The London Market should speak with a single voice otherwise it risks missing opportunities in several key areas, including – engaging with the government, attracting the best young talent, implementing new and better technology and how the industry is perceived …

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Video: Claudio Ades on the Italian Risk Landscape

Willia Italia Chairman Claudio Ades

In the last of our series of interviews with our European business leaders, I met with Claudio Ades, Chairman of Willis Italy, to discuss emerging risks in the Italian insurance market.

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How the Property Marketplace is Reacting to Sandy

Hurricane Sandy: NJ. A handout photograph provided by the US Air Force on 31 October 2012 shows aerial views of the damage caused by Hurricane Sandy to the New Jersey coast, taken during a search and rescue mission by 1-150 Assault Helicopter Battalion, New Jersey Army National Guard, in New Jersey, USA, 30 October 2012. Credit EPA

Even before all the lights are back on in the Northeast, Superstorm Sandy is changing our view of the property market.  With recovery and assessment activity underway, claims continue to escalate and the insurance marketplace is reacting.

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