US home insurance rates are expected to reach a record high this year, with the biggest increases occurring in states prone to severe weather events, according to a new analysis. The average premium for homeowners insurance in the US is …
As skiers glide down the slopes of British Columbia’s Whistler Mountain and ice fishers drop their lines into frozen lakes in Alberta, dozens of the fires whose smoke darkened North America’s skies last year are still burning — with some …
As many as 8 million UK workers are at risk of losing their jobs to artificial intelligence with current government policy, the Institute for Public Policy Research warned. AI already impacts 11% of tasks done by UK staff, a figure …
Global insured losses from natural catastrophes in 2023 exceeded US$100 billion for the fourth consecutive year – an indication of the new norm for nat cat losses, according to Swiss Re. Other record-breaking numbers for 2023 included the total of …
The U.S. property/casualty insurance industry recorded a slight underwriting improvement in 2023, but losses persisted, according to a new AM Best report. Preliminary data from the global credit rating agency shows that the industry posted a $21.2 billion net underwriting …
It’s every cryptocurrency project’s nightmare: Well-resourced hackers — perhaps backed by a rogue state like North Korea — strike out of nowhere, dismantling cyber defenses and making off with millions of dollars in customer funds. Many crypto outfits, large and …
Britain’s banks and other financial firms are boosting the number of women in senior management roles, but unless the pace quickens, it will take until 2038 to reach gender parity, the finance ministry said on Thursday. The ministry’s Women in …
All the major indicators of climate change smashed historic records last year, with some rising so steeply that the United Nations’ World Meteorological Organization warned they were “off the charts.” The lives of millions of people were upended by natural …
Despite a drop in the total number of global mergers and acquisitions, demand for transactional risk insurance “remained resilient” in 2023, Marsh announced in its annual transactional risk report. Data from the Institute for Mergers, Acquisitions & Alliances showed 39,603 …
At least 3,000 more chemicals are in plastics — from food packaging to toys to medical devices — than previously estimated by environment agencies, a report published on Thursday found, raising questions over pollution and consumer safety. While the United …
