COP26 Coal Pledge Falls Short on Support From Big User Countries as Emissions Surge November 5, 2021 By Kate Abnett and Elizabeth Piper GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference...
Death Toll Rises to 23 From Collapse of High-Rise Building in Nigeria November 5, 2021 By Chinedu Asadu LAGOS, Nigeria (AP) – The death toll from the collapse of a high-rise apartment building under construction in Nigeria’s most...
Canada Insurers, Banks Can Resume Dividend Hikes as Regulator Lifts COVID-Era Curbs November 5, 2021 By Nichola Saminather TORONTO – Canadian banks and insurers can resume dividend increases and share buybacks and raise executive compensation, the country’s financial...
Arch Rebrands Watford Re as Somers Re, as It Ushers in New Reinsurance Strategy November 4, 2021 Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and...
EU Regulator Says Insurers Could Face Climate Stress Tests as Soon as 2023 November 4, 2021 By Carolyn Cohn and Huw Jones LONDON – Insurers could face European climate stress tests as soon as 2023, the head of the EU’s insurance regulator...
Insurtech Startup With Claims Monitoring Platform Raises $30M November 4, 2021 Insurtech startup owl.co Labs Inc. raised $30 million in new venture capital. Many plans are in play to spend the...
Howden Broking Launches New Zealand Operations November 4, 2021 Howden, the international insurance broker, announces the launch of operations in New Zealand with Howden Broking and Howden Care —...
Climate-Fueled Disasters Spur UN Plan to Fund Weather Forecasting in Vulnerable Nations November 4, 2021 By Andrea Januta and Kanupriya Kapoor GLASGOW – As climate change triggers deadly heatwaves, droughts and floods, three U.N. agencies on Wednesday rolled out funding plans...
Coal in Crosshairs as UN Climate Summit Brings Raft of Clean Energy Pledges November 4, 2021 By Kate Abnett and Simon Jessop GLASGOW – Government representatives at the U.N. climate conference in Glasgow on Thursday will turn their focus to tackling the...
Canada Employers Shed Unvaccinated Workers With Legal Challenges Expected November 4, 2021 By Steve Scherer OTTAWA – Canadian employers are firing or putting on unpaid leave thousands of workers who refused to get COVID-19 shots,...