Climate Change Blamed on Deadly Heat Wave in Mexico, Southwest US June 21, 2024 By Seth Borenstein Human-caused climate change dialed up the thermostat and turbocharged the odds of this month’s killer heat that has been baking...
Warburg Pincus’ K2 Launches London-Based MGA, K2 Rubicon Specialty June 21, 2024 K2 International, the specialty re/insurance underwriting platform that is owned by private equity firm Warburg Pincus, announced the launch of...
Generali Is Seeking Buyers for Turkey, Philippines Units: Sources June 21, 2024 By Sonia Sirletti and Pamela Barbaglia Assicurazioni Generali SpA is seeking to sell its units in Turkey and the Philippines, people with knowledge of the matter...
UK Hospital Hackers Claim to Publish Stolen NHS Data June 21, 2024 By Ashleigh Furlong The cyber criminals taking credit for the hack on London hospitals earlier this month have published what they claim is...
Details of Aviation Lessor Settlements With Russia Over Trapped Planes June 21, 2024 Aircraft leasing firms have struck settlements with Russia totalling around $2.7 billion for over a quarter of the roughly 400...
AI Chatbots, Gen AI Set to Revolutionize Insurance Claims Processing: Survey June 20, 2024 By L.S. Howard A majority of global insurers are actively endorsing the application of AI chatbots and generative AI in claims resolution processes,...
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...