risk News

Missouri at Highest Risk for Fires from Drought

The drought has spread across much of the country, creating extreme fire risks. But no place is more at risk than Missouri. The National Drought Mitigation Center at the University of Nebraska rates Missouri’s fire risk as the highest in …

Feds Say 160K Tires At Southern California Recycling Plant Pose Danger

Federal regulators say a Southern California desert tire recycler’s 160,000 discarded tires are dangerous. The Environmental Protection Agency told Mecca’s Consolidated Tire Recyclers a year ago that the tires were a fire risk and the outdoor piles needed to be …

Federal Help Sought To Avert Flooding At NM Pueblo

Members of New Mexico’s congressional delegation are asking the federal government for help to prevent possible flooding at Santa Clara Pueblo. Sens. Jeff Bingaman and Tom Udall and Rep. Ben Ray Lujan say the northern New Mexico Indian community is …

AIR Expands Cat Risk Engineering Program for Supply Chain Risk Quantification

AIR Worldwide announced that it has “expanded its suite of Catastrophe Risk Engineering (CRE) solutions to help quantify, mitigate, and manage the risk associated with the impact of catastrophes on supply chain networks.” AIR said its new offering would “help …

BMW Recalling 2,800 Cars For Fire Risk

BMW is recalling about 2,800 cars because a circuit board can overheat and cause a fire. The recall covers some 2011 and 2012 models of the 5-Series, 5-Series Gran Turismo, 6-Series convertible, 7-Series, X5 SAV and X6 SAV. The company …

Willis Chief on Non-Traditional Risks Facing Airlines; Asia-Pacific Growth

Joe Plumeri, Willis Group Holdings Chairman and CEO, told attendees at the Willis Asia Pacific Aviation Insurance Conference in Hong Kong that air travel in Asia Pacific is set to significantly surpass that of North America and Europe in the …

Louisiana Commissioner Warns Agents of Possible Insurance Scam

Agents in Louisiana should be aware of a potential insurance scam related to habitation risks, according to the state’s top insurance regulator. Louisiana Commissioner of Insurance Jim Donelon issued an alert to all licensed insurance producers, warning them of an …

MAPFRE Group Licenses Risk Solution Products for Companies

MAPFRE Group’s David O’Gorman, URS Managing Director-Spain/Portugal/Latin America, announced that the group has “licensed Risk Explorer™, the Dynamic Financial Analysis (DFA) software and a suite of other products from Ultimate Risk Solutions (URS).” The bulletin described “Risk Explorer™” as the …

Avalanche Danger in Rockies At High This Season

Business is lagging this year at the Boulder Outdoor Center in Colorado, where adventurers come to book and buy equipment for ski trips into the backcountry. Except, that is, in one area. The outfitter’s avalanche training courses keep selling out. …

AIR Analyzes Increased Japan Risk after Tohoku-Oki Earthquake

Catastrophe modeling firm AIR Worldwide has released a new report – “Understanding Earthquake Risk in Japan Following the Tohoku-Oki Earthquake of March 11, 2011.” The report stresses that the “M9.0 Tohoku earthquake changed the seismic risk landscape of Japan. In …