Worsening droughts, storms and torrential rain in some of the world’s largest economies could cause $5.6 trillion in losses to GDP by 2050, according to a report released Monday. This year heavy rains have triggered floods that inundated cities in …
The rental home that Suzannah Thames owns in Mississippi’s capital city was filled with dirty, snake-infested flood water when the Pearl River overflowed its banks in 2020. On Friday, Thames pointed to a column on the front porch to show …
The wide-ranging impact of Hurricane Andrew on the Florida insurance market is a familiar story within the risk management world. However, 30 years on from August 24, 1992, when Andrew made landfall in Dade County, Florida, memories appear to be …
The cyber re/insurance protection gap provides an opportunity for insurance-linked securities (ILS) investors, which historically have filled the gaps where traditional capital has either retrenched or is unavailable, according to a report published by S&P Global Ratings. “The demand for …
The US Securities and Exchange Commission changed its whistle-blower rules to give the agency more leeway to pay out hefty awards. Wall Street’s main regulator will be able to pay tipsters who help other government agencies that don’t have whistle-blower …
U.S. District Attorney Vanessa Roberts Avery in Connecticut announced the unsealing of a nine-count indictment that charges five men with federal offenses related to their participation in a stolen catalytic converter trafficking ring. The indictment, returned by a federal grand …
Four workers were hurt at a North Carolina paper mill on Thursday, officials said. Four employees at WestRock’s mill in Roanoke Rapids were injured in an incident involving a steam release from a valve, WestRock spokesperson Robby Johnson said in …
From fire departments to governments, from school districts to corporations, from local utilities to grassroots organizers around the world, Twitter at its best is a tool to get a message out quickly, efficiently, directly. It’s also a constant risk-and-reward calculation. …
A U.S. judge on Friday recommended that victims of the Sept. 11, 2001, attacks not be allowed to seize billions of dollars of assets belonging to Afghanistan’s central bank to satisfy court judgments they obtained against the Taliban. U.S. Magistrate …
President Volodymyr Zelenskiy said the world narrowly avoided a radiation disaster on Thursday as the last regular line supplying electricity to Ukraine’s Russian-held Zaporizhzhia nuclear power plant was restored hours after being cut. Zelenskiy blamed shelling by Russia’s military for …