Governments are ill-prepared for the hazards brought on by artificial intelligence and development should be paused, according to a new survey of risk specialists by insurance company AXA SA. Only 7% of almost 3,500 risk experts from 50 countries said …
The Federal Reserve Bank of New York announced it will release a nine-part blog series on the economic and financial impacts of extreme weather events in the Federal Reserve’s Second District. Starting November 8, the Liberty Street Economics series will …
The West Antarctic ice sheet is set to melt faster even if the world rapidly cuts emissions, according to a new study. That could lead to more significant sea level rise over the course of centuries. The West Antarctic ice …
British workers coming into the office every day outnumber those who spend part of the week working from home, for the first time since the end of pandemic restrictions. A survey by recruitment company Hays Plc of nearly 15,000 white-collar …
Ransomware victims have become less likely to pay extortion demands, but cyber criminals are changing their tactics by hitting third-party vendors and using data exfiltration instead of encryption when making ransom demands, according to a new report by cyber insurer …
The rise of cyber risk accumulation events has highlighted the need for cyber insurers and reinsurers to understand single points of failure (SPoFs) within their customers’ digital supply chains, according to a new report published by the International Underwriting Association …
A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System reported a modest decline in greenhouse gas emissions enabled by its members’ lending and investment activities, the first time it …
A cyber attack on a major financial services payments system could result in widespread business disruptions, potentially costing the global economy $3.5 trillion over a five-year period, according to research from Lloyd’s and the Cambridge Centre for Risk Studies. While …
Changes in the availability of medical services during the pandemic was one of the drivers of Delaware workers’ compensation claims costs in 2020 and 2021. A new study from the Workers Compensation Research Institute (WCRI) found that total costs per …
Top executives at Canadian companies are growing less optimistic that they’ll be able to coax their employees back into the office — so most plan to reward those who show up in person, according to a survey by KPMG. Only …
