Extreme heat and unreliable water supplies are threatening asset valuations across a growing number of sectors as everything from labor productivity to energy costs gets impacted, according to an analysis by Moody’s. “Heat and water are no longer separate perils …
As sweeping U.S. crypto legislation stalls, President Donald Trump’s regulators are set to fill the void, but efforts to write favorable rules for the digital asset industry will be contentious and could be overturned by future administrations. Deep-pocketed crypto companies …
This edition of International People Moves details appointments at the brokers Aon and Miller Bermuda. A summary of these new hires follows here. Aon CFO Reese Steps Down After 2 Years, Succeeded by Virana in Interim Role Insurance broker Aon …
More than 80,000 homes and businesses remained without power in Hawaii late Monday after Storm Lala caused extensive damage to the state’s electrical grid, with some customers potentially facing months without service. Assessments have found “major damage to infrastructure in …
Almost four years after he pleaded guilty, the top associate to convicted briber, insurance entrepreneur and fraudster Greg Lindberg has been sentenced to two years in prison. Christopher Herwig, who was chief investment officer for Lindberg’s Eli Global and other …
NFP, a subsidiary of Aon, the international insurance broker, announced it has acquired the retail cannabis business of Frontier Risk Group, a specialty insurance company that has focused on the marijuana industry. Frontier is based in Norwalk, Connecticut. Eric Scheider, …
Cargo theft incidents were down 26% in the second quarter 2026 compared with the same time a year ago but it turns out that thieves stole expensive items as losses reached over $300 million. According to a report from Verisk’s …
Three years ago, nearly every major US company explicitly considered diversity when choosing new directors. Now, most don’t. In all, 61 S&P 100 companies have dumped explicit diversity criteria for future board members since 2023, according to an ESGAUGE analysis …
The El Niño building in the Pacific Ocean is increasingly expected to reach a strength not seen in 76 years of record keeping. “During the October-December 2026 season, there is a 69% chance of a historic event that would exceed …
The peak of tornado season may be behind us, but the eastward expansion of what has been traditionally known as Tornado Alley into more populated areas may continue raising insurance risk for some time. Record tornado activity in Illinois, Indiana, …