Massachusetts 911 System Restored After Outage Caused by Firewall, Not Cyber Attack June 20, 2024 By Michael Casey The 911 system across Massachusetts was restored Tuesday after going down for several hours, which made it impossible for anyone...
Allstate Reports May Pretax Catastrophe Losses of $1.4B June 20, 2024 By Chad Hemenway Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events...
Southern Germany Floods to Cost Insurers $2.6 Billion-$3.9 Billion: Verisk June 20, 2024 Estimated insured losses from flooding, which hit Southern Germany on May 15-June 5, will range from €2.4 billion (US$2.6 billion)...
Drone-Sinking of Coal Ship Boosts Red Sea Perils, Drives Surge in Insurance Costs June 20, 2024 By Alex Longley The sinking of a coal-carrier by a sea drone has boosted the risk of navigating the vital Bab el-Mandeb chokepoint...
Number of Companies Setting Climate Transition Plans Jumps 44% in 2023: Research June 20, 2024 The number of companies saying they have a climate transition plan in line with the world’s most ambitious goal has...
Tropical Storm Alberto Strengthens as System Approaches Mexico June 20, 2024 By Ben Sharples Tropical Storm Alberto is strengthening as the system neared the Gulf coast of Mexico, and is expected to dump heavy...
Singapore Highlights Banks as Posing Highest Money Laundering Risk June 20, 2024 By Yantoultra Ngui and Xinghui Kok Singapore’s banking sector, including wealth management, poses the highest money laundering risk in the city-state, the government said in a...
Shipping Industry Urges Red Sea Action as Houthis Sink Second Vessel June 20, 2024 By Jonathan Saul Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry...
City Firms Don’t Have an Answer for UK Regulators on Workplace Sexual Harassment June 20, 2024 By Jonathan Browning Hundreds of UK banks, brokers and insurers missed a deadline to respond to the financial watchdog’s survey on sexual harassment...
Excessive Heat An Increasing Concern in Workers Comp: WCRI June 20, 2024 By Allen Laman With temperatures pushing above 90 degrees in parts of the Midwest and Northeast United States this week, many American workers...