Archive for the ‘Security’ Category

How Risk Perception Affects Regulations

Monday, July 12th, 2010

Risk is a perception. Our perception of risks is mainly affected by two factors: (a) whether we are voluntarily accepting the risk.  A good example is a refinery worker considers the risks at workplace lower than his cousin who has only read about chemical plants; and (b) potential consequences of event or act or decision. For a layman, ...

Terrorism Risk Insurance Act Exclusions: Gray Coverage Areas

Wednesday, October 28th, 2009

The U.S. Government has extended the Terrorism Risk Insurance Act (TRIA) to 2014. TRIA is intended to support insurance companies in case the claims from a terror incident go above a certain threshold. What is interesting are the exclusions used by the government for this reinsurance. Domestic vs. International Terrorism Insured losses are ...

Terrorism Risk: Eight Years After 9/11 Is Your Organization More or Less Vulnerable to Terror Threats?

Friday, September 11th, 2009

Eight years after 9/11 threat of terrorism continues to persist.Organizations buying insurance to provide protection from terror attacks is on the rise. Terrorism Insurance Prior to 9/11, there was terrorism insurance was not a major concern. However, after 9/11 insurance and reinsurance companies found themselves with significant amount of exposure. Immediately following ...

Lithium Battery Fires: Why Your Laptop Can Catch On Fire?

Monday, August 31st, 2009

Because of their dependability and long effective lifespan, lithium ion rechargeable batteries are used in almost all modern electronic gadgets – cell phones, laptops, digital cameras, power tools, video games, PDA, household devices, e-bikes, security lighting, iPods, and automobiles. As the electronic market grows, it is evident that the ...

Overview of Chemical Plant Security

Tuesday, July 7th, 2009

Chemical Facility Anti Terrorism Standard (CFATS) came into force on Nov. 20, 2007 as a Federal Regulation under 6 CFR 27. This set into motion the process of assessing threats to chemical plants and refineries in the U.S. Photo Courtesy: http://www.flickr.com/photos/8177037@N06/ / CC BY-NC 2.0 ; Step 1: Is Your Facility ...