Demex Group raised $5 million from a syndicate of existing and new investors the company says will address accumulating losses caused by secondary perils. The managing general agent, which “operates at the intersection of climate, insurance, and technology,” last year …
Gabriella Batalha didn’t think much when she noticed she had been logged out of Instagram – until the next day when she found her account overrun with sensational posts touting high-yield cryptocurrency investments. To recover her account, the 27-year-old lawyer …
Switzerland’s Gotthard tunnel will partially reopen for freight transport next week after a derailed train blocked one of its two tubes, though the critical route won’t return to full operability for several months. Passenger trains will continue to be diverted …
Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate impacts, a shortcoming that could lead to higher costs, litigation and a hit to reputations, according to a new report. …
German transport insurers report a significant increase in stolen goods – with thieves targeting electronic devices as well as chemical and pharmaceutical products. Every 20 minutes, goods are stolen from a truck, according to a study from the German Insurance …
Typhoon Lan reached the coast of central Japan early Tuesday, grounding flights and halting trains as residents braced for heavy rain, flooding and landslides. Known locally as Typhoon No. 7, the storm has been traversing the archipelago’s central belt since …
Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño, characterized by elevated sea surface temperatures in the eastern …
China has been hit by devastating floods in recent weeks, inundating cities and causing deaths and infrastructural damage, as well as raising questions about the effectiveness of its 2015 “sponge city” initiative aimed at reducing urban flood risks. The initiative …
Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of hot extremes, including heatwaves. While it is difficult to ascribe any given event to climate change, Moody’s RMS says, extreme …
Chubb has launched a vehicle tracking system in the UK to help protect the insurer’s customers from car theft. With criminals now often targeting high-value vehicles – particularly “keyless” models – Chubb S5 Vehicle Tracker and Chubb S5 Vehicle Tracker …