Hurricane John hit Mexico’s southern Pacific coast late on Monday as a major category 3 storm, with authorities warning residents to protect themselves against potentially deadly storm surges and torrential rain. The storm, packing maximum sustained winds of 120 mph …
Austria’s national railways will need months to restore the country’s busiest train line after catastrophic floods wrecked infrastructure, throttling the capacity to move people and goods. Commuters and supply chains will need to adapt after record rainfall damaged tracks, tunnels …
Six British water companies under-reported sewage discharges and overcharged millions of customers up to 1.5 billion pounds ($2 billion) as a result, lawyers bringing a landmark lawsuit told a London tribunal on Monday. The utilities companies, including Britain’s largest water …
The soaring cost and difficulty of insuring against climate risks may force people to relocate, the head of Canada’s main financial regulator warned. Rising damages from extreme weather don’t seem to be a regulatory problem, but rather a cost problem, …
This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI) and QBE Iberia. A summary of these new hires follows here. BHSI Launches in Italy, Names Country Leader and Key Team Members Berkshire Hathaway Specialty Insurance …
The Fidelis Partnership (TFP), the Bermuda-headquartered managing general underwriter, announced the successful completion of a $2 billion refinancing transaction. Led by Blackstone Credit & Insurance, the transaction marks a significant milestone for The Fidelis Partnership, which in January 2023 separated …
Much of Brazil is burning as tens of thousands of fires rage around the country, half of them in the Amazon rainforest. Exacerbated by a severe drought, the fires threaten one of the world’s most crucial ecosystems and are consuming …
Environmental activist charity ClientEarth launched a lawsuit against Germany on Friday to push Berlin to implement an EU law to limit pesticide use in farming, the group said on Friday. The group said in a statement Germany was not complying …
Methane releases from some of the world’s major fossil fuel hubs are continuing to rise, as key polluters make little progress on pledges to curb the potent greenhouse gas. Emissions of the gas across 13 large fossil fuel basins in …
A Mercedes-Benz electric vehicle that burst into flames in the South Korean city of Incheon has fueled public fear over the safety of battery-powered cars in recent months. The incident saw 23 people hospitalized for smoke inhalation and left more …
