Will The U.S. Economy Ever Recover?

According to Martin Wolf’s newest book, The Shifts and the Shocks: What We’ve Learned – and Still Have Time to Learn – From the Financial Crisis, probably not.

Martin-Wolf

We caught up with Wolf at his most recent book tour event hosted by The Chicago Council on Global Affairs and Zurich at The Standard Club in Chicago, where he explained a little bit about how the world economy got to be where it is today, and what we could expect in the future.

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Terrorism Risk Insurance: Necessary or Not?

The Terrorism Risk Insurance Act is scheduled to expire in December 2014, but debate in Congress may keep it from being renewed

Failure to renew or replace the Terrorism Risk Insurance Act (TRIA) could push employers to pay higher comp premiums, potentially causing a slight reduction in overall economic growth, according to a study released last week by RAND Corp.

The National Journal LIVE also hosted a policy summit and discussion recently on the Terrorism Risk Insurance Act at Chicago’s Soldier Field. The act is scheduled to expire in December, causing big debate in Congress on whether to reinstate it or not.

Zurich-National-Journal-TRIA-Policy-Summit

From left: Steve Clemons, Editor-at-Large, The Atlantic and National Journal; Congressman Randy Hultgren (IL-14)

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Risk & Reward: Mobile Banking in the BYOD Era

The numbers really tell the story when it comes to mobile banking and it’s upward trend over the last year.

  • 82% of banks offer mobile banking technology through apps
  • In 2012, 1 in 5 people use a mobile device for banking transactions
  • In 2013, 1 in 3 people use a mobile device for banking transactions
  • Remote deposit capture doubled to 21% from 2012 to 2013

With mobile banking on the rise in addition to companies switching to a Bring Your Own Device (BYOD) culture – it creates a perfect storm of opportunities and risks for both banks and employers – so how do they manage that risk?

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SEC Issues Guidance on Data Breach Disclosure

In an act welcomed by many companies and investors, the SEC’s Division of Corporation Finance issued guidance to public companies on October 13 regarding disclosure obligations for data breaches.

The new guidance is consistent with the intent of existing Federal Securities laws that were partially designed to elicit information from registrants in the broader sense regarding events that would reasonably be considered important to investment decisions.  The guidance in this case is focused more acutely on cyber incidents or events that might have a similar impact on such decisions.  Read More…

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