British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year. Greenpeace said it had agreed to pay 300,000 pounds ($382,650) to the …
Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. The impact would mainly be from disruption across global industries due to local lockdowns and …
Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on Wednesday by the Prudential Regulation Authority, after it identified information gaps during recent market turmoil. The global COVID-19 pandemic in …
Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the U.S. on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease. The lawsuit was filed …
Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a social inflation index. (Related article: US Nuclear Verdicts Break Records …
Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving. AI developers themselves are grappling with how to prevent abuse of novel systems, offering no easy fix for government authorities to embrace, …
At the Florida Chamber of Commerce Insurance Summit last week, the state’s emergency management director announced a multi-million-dollar program that many homeowners, lawmakers and insurers have long hoped for: New grants and low-interest loans that will help elevate homes above …
Horace Mann Educators Corp., which targets teachers and others in education, announced its expansion into New Jersey. Already serving educators in more than 40 states, Horace Mann will offer its suite of financial and insurance products to the educational community …
New York has a new law on the books requiring contractors and subcontractors who submit bids or perform construction work on public projects or certain private projects to register with the state. The New York State Department of Labor (NYSDOL) …
The California Labor Commissioner’s Office issued $1.3 million in fines for wage theft restitution and civil penalties against 19 car washes in the South Bay area of Los Angeles County and in Orange County. The LCO reportedly found that the …
