Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit September 24, 2021 By Engen Tham SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers,...
Mediobanca Boosts Stake in Generali as Battle Over Leadership Heats Up September 24, 2021 By Alberto Brambilla and Chiara Remondini Italy’s Mediobanca SpA strengthened its grip over insurer Assicurazioni Generali SpA, boosting its stake to more than 17% just days...
50 Companies Worldwide Are Highly Exposed to Physical Climate Risks, Say Investors September 24, 2021 By Carolyn Cohn and Nina Chestney European energy firms Centrica and Galp, food group Nestle and watchmaker Swatch are among 50 companies worldwide that are highly...
People Moves: Insurer Aviva Names Montague, Cummings to Exec Committee; Wood to Launch Captive Operation for Price Forbes Bermuda; Wagstaff Is CEO of LMG September 24, 2021 This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market...
Global Reinsurers Could Be Greatly Underestimating Exposure to Climate Risk: S&P September 24, 2021 Reinsurers’ estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by...
Georgia Man Beaten by Police Officers During Traffic Stop Sues for Damages September 24, 2021 A man who was punched and kicked in the head by Georgia police officers during a traffic stop four years...
Southern Baptist Agrees to Fund Third-Party Investigation into Handling of Sexual Abuse Allegations September 24, 2021 By Holly Meyer A top Southern Baptist Convention committee agreed to fund a third-party investigation into its handling of sexual abuse allegations but...
Biden Multi-Agency Plan Seeks to Address Extreme Heat Stress September 24, 2021 By Matthew Daly WASHINGTON (AP) — The Biden administration is moving to protect workers and communities from extreme heat after a dangerously hot...
U.S. Road Travel Up 11.5% in July September 24, 2021 By David Shepardson U.S. motorists drove 11.5% more miles in July as driving nearly matched pre-COVID levels and more Americans returned to offices...
U.S. Insurance Regulator Hosting Another Climate Summit September 23, 2021 By Don Jergler A report from the Mortgage Bankers Association says there’s little doubt that climate change will impact housing and the housing...