The effects of human-caused climate change were responsible for roughly $4 billion of the $10 billion in insured losses resulting from Typhoon Hagibis that struck Japan in October of 2019, according to a new analysis of the storm. Hagibis, which …
Farmers in parts of Canada’s Prairies are struggling to get crops in the ground as heavy rains continue to wallop the eastern region in the latest threat to global grain supplies. Virtually no seeding has been done in Manitoba as …
Climate change is hurting the insurance industry and only 8% of insurers are preparing adequately for its impact, consultants Capgemini and financial industry body Efma said in a report on Tuesday. Insured losses from natural catastrophes have increased 250% in …
Shares in Life Insurance Corp. of India (LIC) slid 6% in their market debut on Tuesday, a fresh setback for the state-owned giant after its IPO, while record-breaking, raised far less for the government than initially envisioned. India’s biggest insurer …
BARTLETT, N.H. — Firefighters in New Hampshire are battling a large forest fire that burned hundreds of acres in the White Mountains this past weekend. The U.S. Forest Service said federal, state and local personnel responded to a fire on …
Germany’s Allianz SE has agreed to pay about $6 billion and a U.S. asset management unit will plead guilty to fraud after a group of its multibillion dollar investment funds collapsed amid market turmoil triggered by the coronavirus pandemic in …
With upcoming data showing traffic deaths soaring, the Biden administration is steering $5 billion in federal aid to cities and localities to address the growing crisis by slowing down cars, carving out bike paths and wider sidewalks and nudging commuters …
Florida regulators are required to perform post-mortem analyses on failed insurance companies, but few of the reports have been completed or released in recent years, and few people appear to be aware that they exist, the Miami Herald and Tampa …
This edition of International People Moves details appointments at Liberty Mutual Re and SiriusPoint. A summary of these new hires follows here. Liberty Mutual Re Hires AXA XL’s Sharman for Casualty Reinsurance Liberty Mutual Re (LM Re), part of Liberty …
A federal grand jury has indicted the operator and six management officials of a Cambria, Wisconsin corn mill – where a May 31, 2017, explosion killed five workers and injured 15 others – on nine criminal counts, including two counts …