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Companies in Polluting Industries Slow to Disclose Climate Change Risks: Moody’s

U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though a global task force called on them to do so two years ago, Moody’s Investors Service said in a report …

Now Boarding for Brexit: What Businesses Need to Do

Whether you are a U.S. firm or a firm from some other country and want to do business in the United Kingdom, the Brexit referendum may have changed your mind. In this article, we discuss some of the issues currently …

W. R. Berkley Corporation Appoints LeBlanc as President of Acadia Insurance

W. R. Berkley Corporation has appointed David J. LeBlanc as president of Acadia Insurance, a Berkley Company. He succeeds Douglas M. Nelson, who has been appointed chairman of Acadia Insurance. The appointments are effective immediately. LeBlanc has more than 35 …

Travelers Q3 Profit Falls on Asbestos, Commercial Liability and Auto Claims

The Travelers Companies reported net income of $396 million for the third quarter compared to $709 million in the prior year quarter. Core income in the current quarter was $378 million compared to $687 million in the third quarter for …

Exxon Faces Trial Over Claim It Misled Investors About Climate Change Risks

Exxon Mobil Corp. on Tuesday will face trial in a lawsuit by New York’s attorney general accusing it of misleading investors about the risks of climate change regulations to its business. The trial, expected to begin before Justice Barry Ostrager …

B3i’s Blockchain Re/Insurance Network Begins to Offer Real-Life Industry Solutions

The author Douglas Adams once said, “We are stuck with technology when what we really want is just stuff that works.” Many of us can relate, especially with new technology such as distributed ledger technology (DLT), also known as blockchain, …

Fidelis Taps Bellamy from Pembroke’s Acapella Syndicate for Reinsurance Team

Fidelis Insurance announce that Matthew Bellamy will join Fidelis Underwriting Ltd.’s (FUL) London underwriting team to continue to build its reinsurance business. Bellamy has over 13 years of experience where he was most recently the head of Property Treaty and …

Florida to Seek $633M in Federal Disaster Prevention Funds

Florida is developing a plan to tap into as much as $633 million in federal money to help prepare for future storms. Gov. Ron DeSantis announced Thursday that the Department of Economic Opportunity will coordinate the multi-agency effort to maximize …

2 Unstable Cranes Felled at Site of Collapsed Hotel in New Orleans

Officials set off thundering explosions that toppled two cranes Sunday that had loomed precariously for days over a partially collapsed hotel in New Orleans, saying their controlled demolition went “exactly” as planned and efforts now would focus on retrieving two …

North Carolina Health System Alerts Customers to Data Breach

A health system that serves western North Carolina has contacted an undisclosed number of people about a data breach involving its e-commerce website. The Citizen-Times reports Mission Health said it recently “identified and addressed” a security incident involving information consumers …

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