Insurance Execs Worry About Pandemics, Food Shortage & Cyber Attacks

(Before It's News)

Cyber warfare is one of the top five concerns for the insurance industry, according to a new Towers Watson survey of insurance executives around the world who consider attacks on essential computers among the extreme risks they worry about which could rattle the world to its core.

The insurance industry is also significantly concerned about a global pandemic and natural disasters, the Towers Watson review revealed. Apparently, insurance industry executives and the self-reliance community have a lot in common.

Here is their Top 10:

1. Pandemic: “A new, highly infectious and fatal disease spreads through human, animal or plant populations worldwide.”
2. Natural disaster: “A confluence of major earthquakes, tsunamis, hurricanes, flooding and/or volcanic eruptions with major global effects.”
3. Food/water/energy crisis: “A major shortfall in the supply of, or access to, food/water/energy, causing severe societal issues.”
4. Cyber-warfare: “Computer sabotage/espionage on a major scale, with severe damage to infrastructure, financial, medical or defense systems.”
5. Technology: “A large quantity of personal, government or business data stored in clouds are found to be hacked, compromised or misused.”
6. Depression: “A deep and protracted trough in economic output, massive increase in unemployment, restriction of credit and shrinking investment.”
7. Banking crisis: “Central banks unable/unwilling to supply liquidity in the next crisis, causing banking and real economic activity to stop.”
8. An extreme event that causes “property damage, supply-chain failures, business interruption and death on a significant scale.”
9. Rise in extreme weather: “Events exceed the capacity of insurance industry and governments to respond, with physical and social implications.”
10. Sovereign default: “Nonpayment by a major sovereign borrower causes market panic and disrupts the global economy.”

Everything You Need To Know To Keep Your Home And Family Safe.

Source: http://www.offthegridnews.com/2013/12/06/insurance-execs-worry-about-pandemics-food-shortage-cyber-attacks/