Port strikes at five key five German ports may cost $6 billion (£4.71 billion) in lost trade according to analysis by Russell Group, a data and analytics company. There is a 24-to-48-hour strike by port workers across the five key …
This edition of International People Moves details appointments at Canopius and Swiss Re. A summary of these new hires follows here. Canopius Taps AXA XL’s Houghton as Product Leader, Specialty Canopius, the London-based global specialty and property and casualty re/insurer, …
Wildfires in Canada that burned continuously for over a year. Floods that brought Dubai to a standstill. Deadly heat blanketing the streets of New Delhi. The first half of 2024 has laid bare the catastrophic extremes that now characterize the …
A cohort of Russian-speaking hackers is demanding $50 million from a UK lab-services provider to end a ransomware attack that has paralyzed services at London hospitals for weeks, according to a representative for the group. Qilin, as the group is …
Europe’s ESG rulebook, which is seen as the benchmark for setting sustainability-disclosure requirements worldwide, keeps getting pushback from the regulators charged with enforcing it. In an opinion to the European Commission, regulators for the markets, banking and insurance industries called …
Michael Diaz-Rivera’s experience simultaneously represents the promise and failure of social equity licenses for the cannabis industry. Diaz-Rivera’s conviction in 2006 for marijuana possession made him eligible when Colorado agreed in 2020 to set aside licenses for members of historically …
Damage to U.S. homes due to lightning resulted in $1.2 billion in homeowners insurance claims in 2023, up 30% from 2022.. The number of lightning-caused U.S. homeowners insurance claims increased by 13.8% over 2022, with numbers from the top 19 …
A federal judge dismissed a lawsuit by Exxon Mobil Corp. against Arjuna Capital after a lawyer for the activist investor group vowed not to try to resurrect a shareholder policy opposed by the company. The judge in Fort Worth, Texas, …
The owner of a New York roofing company has been sentenced for attempting to cover up an employee’s on-the-job death. Law enforcement investigators determined that Jeremiah Wiedemann, owner of Wiedemann Sons Roofing, had moved the victim to a different location …
AM Best reports it has has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of “a-” (Excellent) of the members of the Philadelphia Contributionship Group that …
