More than four in five US homebuyers are factoring in climate risks when they shop for a new house, according to a new survey by real estate firm Zillow. Some 83% of respondents said they weighed at least one climate …
Reinsurers reported “a robust increase” in their capital base, improved underwriting profits as well as higher returns on equity and investment income, according to a Gallagher Re report. The reinsurance industry’s underlying ROE improved markedly, which has been building on …
Starr Insurance announced that Christopher Magee has joined Starr as vice president, international head of Financial Lines and Professional Liability, a new position focused on growing the business outside the U.S. and helping clients manage their risks around the world. …
In the emerging post-pandemic era, most aspects of life have returned to normal. Moviegoers are flocking to cinemas, vacationers jammed airports for summer travel and kids are returning to classrooms. The one thing that has remained stubbornly fraught: the world …
A group of scientists used machine learning to quantify empirical relationships between temperature and the risk of extreme daily wildfire growth in California to show the influence of temperature on the risk – and they found that climate change boosts …
Ford Motor said on Friday it will recall 169,000 U.S. vehicles to replace rearview cameras and update software and is taking a $270 million charge to address the callback. It was the latest in a series of recalls for rear …
The Federal Trade Commission won an administrative ruling against TurboTax tax software maker Intuit INTU.O after the commission said the company misled consumers with deceptive advertisements pitching “free” tax filing products that millions of consumers were unable to use, the …
The dawn of artificial intelligence tools like ChatGPT may revolutionize the way both the public and private sector use data to ferret out risks and opportunities in the $32 trillion global trading system. During the pandemic, government agencies and industries …
Moody’s RMS and Verisk on Monday each released insured loss estimates for Hurricane Idalia. RMS estimated total private market insured losses from Idalia to be between $3 billion and $5 billion, with a best estimate of $3.5 billion. Verisk meanwhile …
The world’s corporations produce so much climate change pollution, it could eat up about 44% of their profits if they had to pay damages for it, according to a study by economists of nearly 15,000 public companies. The “corporate carbon …
