People judge risk badly. We worry too much about minor hazards and are nonchalant about more serious ones. We’re especially inept at judging chronic long-term risks – like climate change.

New York Gov. David A. Paterson wants to revive the state’s global insurance exchange, seeking to mirror the operation of Lloyd’s of London.

A strong pre-crisis performance by Maryland’s Euler Hermes, the largest trade accounts receivable insurer in the nation, earned it a “superior” financial strength rating from a ratings service.

Aon Corp. is hoping to build its business by developing more relationships with minority-owned risk management and consulting companies, the company announced.

Aon Cornerstone Innovative Solutions is an entrepreneurial growth strategy …  Read →

The National Association of Insurance Commissioners is going to force insurance companies to disclose the financial risk they face from climate change, starting May 1, 2010.

The organization announced March 17 …  Read →