Climate Change Driving Extreme Heat and Flooding in 2022: Report July 1, 2022 By Gloria Dickie Extreme weather events – from scorching heatwaves to unusually heavy downpours – have caused widespread upheaval across the globe this...
Midyear Prop-Catastrophe Reinsurance Capacity Down for 1st Time in Decades: Aon July 1, 2022 For the first time since the devastating U.S. hurricanes of 2004 and 2005, property-catastrophe capacity contracted during the June/July reinsurance...
Report: California Workers’ Comp Insurer Losses Were up in 2021 June 30, 2022 Total insurer combined losses and expenses incurred in 2021 were $13.1 billion, or 96% of calendar year premium, compared with...
Probe Into Australia’s Mining Sector Uncovers ‘Horrific’ Sexual Abuses June 29, 2022 By Jason Scott A landmark inquiry into Australia’s mining sector has uncovered dozens of shocking cases of sexual harassment and abuse of women...
Europe Asset Managers Eye Halting Non-ESG Products to Meet Net-Zero Goals: Survey June 27, 2022 By Juliette Portala Over two-thirds of European asset managers and distributors are considering halting the launch or distribution of products that do not...
Emerging Risks: Quantum Computing, Lower Construction Quality, Legal Tech etc. June 24, 2022 By L.S. Howard The global community continues to deal with known challenges such as the pandemic, the war in Ukraine, economic turmoil and...
Derecho Storm Ranks as Canada’s 6th Largest Insured Loss on Record June 16, 2022 The storm that swept through southern Ontario and parts of Quebec on Saturday, May 21, caused over C$875 million (US$676.3...
China’s Zero-COVID Policies Prompt U.S. Firms in Shanghai to Cut Forecasts: Survey June 15, 2022 SHANGHAI – Over 90% of U.S. multinational firms surveyed by the American Chamber of Commerce (AmCham) in Shanghai have cut...
City of London Workers Still Haven’t Returned to Offices at Pre-Omicron Levels June 13, 2022 By Neil Callanan City of London workers are yet to return to the financial heartland in numbers seen before the spread of the...
Net-Zero Emissions Pledges by Big Global Companies Have ‘Credibility Gaps’: Report June 13, 2022 By Gloria Dickie and Simon Jessop Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility...