The world’s ‘carbon majors’ in the energy, utilities and mining sectors face the biggest share price hit when climate-related lawsuits are filed against them and need to consider it a financial risk, a study on Tuesday showed. The paper by …
U.S. labor officials on Monday said they have asked Mexico to investigate alleged worker rights abuses at a Goodyear Tire & Rubber Co plant in Mexico in the latest “rapid response” probe under North American trade rules. The complaint from …
Stricter policy language, pricing increases and more scrutiny at policy inception made for a tumultuous couple of years in the cyber insurance market. Despite this, 36% of Marsh’s clients reported buying cyber insurance in 2022, up from the 33% that …
More than 33 million people in the United States are driving vehicles that contain a potentially deadly threat: Airbag inflators that in rare cases can explode in a collision and spew shrapnel. Few of them know it. And because of …
A granular look at the most expensive hurricane in Florida’s history, written by respected catastrophe-modeling firm Karen Clark & Co., highlights building practices that had a major impact on the scale of insured losses: Contrary to what may seem like …
The former director of the New Mexico Office of Archaeological Studies is suing state officials, saying his race and gender played a role in his firing. Eric Blinman filed a lawsuit in federal court late last week against Gov. Michelle …
Shua Wilmot and Raegan Zelaya, two former dorm directors at a small Christian university in western New York, acknowledge their names are unconventional, which explains why they attached gender identities to their work email signatures. Wilmot uses “he/him.” Zelaya goes …
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during the fourth quarter, includes AlphaCat and renewal rights …
Swiss Re is quitting the world’s main climate alliance for insurers, joining a growing exodus from the coalition of some of the industry’s biggest companies. The world’s second-largest reinsurer is now the fourth major company to walk away from the …
Two people were killed when a small plane headed for Hawaii crashed in the Pacific Ocean shortly after takeoff from Northern California, federal officials said Sunday. The Viking Air DHC-6-400 Twin Otter crashed around 2:15 p.m. Saturday in the water …
