Cyclone Alfred to Cost Australia’s Budget A$1.2B, Hit Growth and Increase Inflation March 17, 2025 Cyclone Alfred will cost Australia’s March 25 budget at least A$1.2 billion [US$759 million], hit growth and put pressure on...
US Property/Catastrophe Reinsurance Rates Likely to Stabilize During Midyear Renewals March 14, 2025 By L.S. Howard Reinsurance renewal rates continued dropping during this year’s January renewals, but US property/catastrophe reinsurance pricing is likely to stabilize during...
Four Sailors Involved in Major Singapore Oil Spill Plead Guilty, Straits Times Reports March 14, 2025 By Nicholas Lua Four Dutch crew members involved in a ship collision in Singapore have pleaded guilty for their role in the city-state’s...
China State Firms Curb Russian Oil Imports on Sanctions Risks, Sources Say March 14, 2025 By Chen Aizhu and Florence Tan Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others...
Europe’s Winter Storms Will Get Worse as Emissions Rise, Study Says March 14, 2025 By Joe Wertz Global carbon emissions are amplifying a North Atlantic wind pattern that drives northern Europe’s biggest winter storms, new research shows....
As Chips Race Spews ‘Forever Chemicals,’ Startups Emerge to Destroy Them March 14, 2025 By Aaron Clark The battle for artificial intelligence supremacy hinges on microchips. But the semiconductor sector that produces them has a dirty secret:...
Indonesian Fishermen Sue Tuna Giant Bumble Bee, Alleging Abuse in Supply Chain March 14, 2025 By Julie Watson Lawyers representing four Indonesian fishermen who say they were beaten and trapped on vessels that were part of the global...
ACORD Solutions Group Launches ADEPT Bermuda Regional Hub for Digital Messaging March 13, 2025 ACORD Solutions Group, a provider of digital solutions for the global insurance industry, announced the launch of the ADEPT Bermuda...
North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits March 13, 2025 By L.S. Howard The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea...
Ardonagh Advisory Acquires UK Broker Anderson & Co. March 13, 2025 Ardonagh Advisory, the Ardonagh Group’s SME broking platform, announced it has acquired Anderson & Co. (Holdings) Ltd., along with its...