And so can the staff at Risk & Insurance®, having put together our list of the Most Dangerous Emerging Risks for 2013. In the area of cyber-terror, climate change and a handful of their menacing cousins, we find risks that are increasingly beyond our ability to measure or mitigate.
If state-sponsored cyber attacks on U.S. corporate assets are occurring, and there is evidence that they are, knowing when an attack took place, what was taken, if anything, and who the author of the attack was, can be next to impossible in some cases.
Rather than a specific risk, with a specific risk mitigation solution, we find in the area of cyber war that the threat is many times invisible and incalcuable.
So too, with the threats that our warming planet can spin towards us. Combine a high tide on the Northeast Coast with a slowing Gulf Stream with days and days of rain and you could have disaster, you just won't know where or when exactly.
Risk management departments, so accustomed to doing more with less, have much to discuss with their insurance partners. Carriers placing capital against risk have more and more questions for their underwriters.
Who will get the most sleep is anybody's guess.
- Dan Reynolds, managing editor of Risk & Insurance®
April 12, 2013
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