Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels December 10, 2024 By Gautam Naik Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums...
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run December 10, 2024 By Gautam Naik After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase...
Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks December 10, 2024 By Katanga Johnson The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary...
Study: A Meter of Sea Rise Could Impact $1 Trillion in Property on Southeast Coast December 10, 2024 A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of...
Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed December 10, 2024 By Kate Payne TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in...
IICF Raises $1.4 Million for Northeast Nonprofits December 10, 2024 The Insurance Industry Charitable Foundation (IICF) reports that it raised more than $1.4 million at its 18th Annual Northeast Benefit...
How Underground Abandoned Mines Pose Danger When Land Collapses December 10, 2024 By Michael Rubinkam and Matthew Brown Swaths of Pennsylvania and many other states are honeycombed with old, unstable mines that can cause the earth to suddenly...
Alliant Acquires Union First in California December 10, 2024 Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group – West Region....
California Investing $100M to Build Safe Walking And Biking Routes December 10, 2024 The California Transportation Commission awarded $101.2 million to projects across the state to improve walking and biking safety. The 13...
10 Injured When Police Motorcycle Officer Crashed into California Parade Bystanders December 10, 2024 Ten people were injured after a police traffic officer on a motorcycle crashed into bystanders at a weekend holiday parade...