Monthly Archives: <span>May 2024</span>

UK Tightens Scrutiny of All Indian Spice Imports Amid Contamination Allegations

Britain’s food watchdog has applied extra control measures on all spice imports from India, it said on Wednesday, becoming the first to ramp up scrutiny of all Indian spices after contamination allegations against two brands sparked concerns among global food …

ECB Warns of Financial Stability Risks From Global Elections, Geopolitics

Geopolitical tensions and a raft of elections around the world are heightening the risk that investors will be jolted by negative surprises and endanger financial stability, the European Central Bank warned. Markets have so far taken a relaxed view on …

Zurich’s First-Quarter P/C Revenue Rises on Higher Premiums

Zurich Insurance Group AG said revenue from property and casualty insurance rose 12% in the first quarter on a like-for-like basis, helped by higher premiums. Gross written premiums in the business rose 9% from a year earlier, as Asia and …

Oil-Sands Capital of Canada Now Grappling With Second Wildfire

The unofficial capital of Canada’s oil-sands industry is now facing a second wildfire that’s north of the city and closer to major energy operations. The new blaze near Fort McMurray, Alberta, is about 3 hectares (7 acres) in size, and …

Whistleblower Questions Delayed Use of Sensor Plane After Ohio Train Derailment

The U.S. government has a specialized plane loaded with advanced sensors that officials brag is always ready to deploy within an hour of any kind of chemical disaster. But the plane didn’t fly over eastern Ohio until four days after …

Last Wrongful Death Lawsuit From Astroworld Tragedy Set for Trial in September

HOUSTON (AP) โ€” The one remaining wrongful death lawsuit filed after 10 people were killed during a deadly crowd crush at the 2021 Astroworld music festival has been set for trial in civil court in September, a judge said Tuesday. …

Texas Is Warned of Blackout Risk as Sun Sets This Summer

The risk of power failures this summer remains elevated for many parts of North America amid soaring demand and generator shutdowns. The main Texas grid is especially vulnerable at sunset when solar generation plunges and demand remains high, with the …

People Moves: Front Street Re Appoints Fong as CEO; Carmichael Beazley’s New Head of US Cyber

Front Street Re, an operating subsidiary of Lexasure Financial Group Limited headquartered in Georgetown, Cayman Islands, appointed Edison Fong as CEO. Before joining Front Street Re, Fong was a director at Converge Re and an actuary at Manulife Financial, where …

St. John’s Names Lloyd’s Exec Watkins to Head Greenberg Risk Management School

New York’s St. John’s University announced the appointment of Henry “Hank” Watkins Jr., regional director and president of the Americas at Lloyd’s, as executive director and associate dean of the Maurice R. Greenberg School of Risk Management, Insurance and Actuarial …

US Senators Unveil AI Policy Roadmap, Seek Government Funding Boost

A bipartisan group of U.S. senators, including Majority Leader Chuck Schumer, called on Wednesday for a big jump in government research funding of artificial intelligence as they debate new legal safeguards. Generative AIโ€”which can create text, photos and videos in …