Compiled by our editors with an eye to the quirky and the profound ways in which risk management and insurance impact our world.
A broken Tijuana sewer pipe in
February resulted in 143 million
gallons of raw sewage spilling
into Southern California waters.
A swarm of bees delayed a February cricket match
between South Africa and Sri Lanka. Play at “The
delayed for about
an hour. The bees
Amazon listed “trade and
protectionism risk” in its
February filing with the SEC. The
company’s previous five filings did
not list that risk.
Super-Typhoon Nock-Ten struck the island
province of Catanduanes in the Phillipines on
Christmas Day 2016. The Cat 5 storm caused
the evacuation of more than 400,000 people,
stranded more than 1,000 cargo vessels and
devastated coconut plantations.
The New York Department of Financial Services levied a
$425 million fine against Deutsche Bank for its part
in an alleged “mirror-trading” scheme in which $10
billion was laundered out of Russia through the bank’s
Moscow, London and New York offices. The regulator
said the bank missed numerous opportunities over
several years to detect the compliance failures.
Duck and foie gras producers fear the worst as the growing
bird flu epidemic in France and Hungary has already led to
more than three million poultry being euthanized.
Intense storm waters threatened the stability of
California’s Oroville Dam. Should the dam fail,
according to Corelogic, more than $13 billion in
residential real estate would be at risk.
185 million vehicles cross
structurally deficient bridges —
Researchers in Israel figured out
how to equip a drone to steal data
from the blinking LED lights on a
A plane bound for San Francisco was grounded for
four hours at Heathrow airport because of one small,
unticketed passenger: a mouse.
Criminals hacked a line of cloud-connected teddy bears,
exposing the email addresses and passwords of 820,000
accountholders, as well as 2.2 million private voice
recordings of children and parents.
A woman in Tallahassee, Fla., filed
a civil suit against a local Mexican
restaurant after falling off the eatery’s
donkey statue and