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Risk managers, insurers turn focus to making terrorism backstop permanent
Now that the federal government's terrorism insurance backstop has been extended through 2020, supporters are refocusing on what should be done before Congress deals with reauthorization again.
The program, established by the Terrorism Risk Insurance Act of 2002 in the wake of the September 2001 U.S. terrorist attacks, lapsed at the end of 2014 when the Senate failed to reauthorize it before adjourning.
Arkansas bill would restrict drones over private land
Using a drone to fly above private property and take pictures without permission would be a crime under a bill filed in the Arkansas Legislature. Republican Rep. Justin Harris' proposal would make it a misdemeanor for a drone operator to have or distribute an unauthorized image. His bill exempts law enforcement and photos taken on public property.
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4 essential features of a risk management system
Currency volatilities and plummeting oil prices are just some of the market forces that have recently brought risk management to the fore in many organizations.
If you're looking to review your risk management procedures or replace your operational risk management software, make sure you bear in mind these four essential features.
Uber launches new safety initiative to protect riders
Uber, one of the most popular rideshare apps in the Chicago area, unveiled new security measures to protect riders after two drivers were charged with sexual assault.
Uber announced a new safety program that will feature real-time inspections of Uber rides performed by "trained security specialists, including off-duty Chicago police officers."
Megathrust earthquake off B.C. coast extremely likely but might not strike for centuries
A massive megathrust earthquake off the coast of B.C. — along with a tsunami — is a near certainty, experts say, but nailing down when it will hit is impossible to predict.
It could be centuries, in fact.
This powerful type of temblor was responsible for the devastation in the Indian Ocean in 2004 and Japan in 2011.
Don't delegate cyber risk management responsibility
To be most effective an organization must have a person providing leadership and oversight in the strategic planning, execution, and assessment of security strategies, policies, procedures and guiding practices. Ensuring compliance with legal obligations in respect of information and information security is also a key responsibility.
Shallow 4.4 earthquake jars area of Northern California
Los Angeles Times
A shallow earthquake of magnitude 4.4 was reported this morning 16 miles from the small town of Greenfield, California, according to the U.S. Geological Survey.
The quake occurred at 5:21 a.m. pacific time at a depth of 5.6 miles.
The earthquake was felt as far away as Fresno, which is about 100 miles to the east, KABC-TV reports.
Experts: Broken speakers in city schools pose safety risk
Public address speakers at 29 public school across New York City don't work, making communication for everything from weather advisories to school lockdowns difficult, if not impossible.
Top natural disasters of 2014
Electric Light & Power
Hurricanes, floods, hailstorms, tornados, wildfires, sinkholes, earthquakes, tropical cyclones and typhoons pounded the U.S. and imposed significant damage across the globe in 2014, according to the annual Natural Hazard Risk Summary and Analysis published by CoreLogic.
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