Update: Re/Insurer Losses From LA Wildfires Expected to Be Significant but Manageable January 10, 2025 By L.S. Howard Insurers are facing significant losses from the catastrophic Los Angeles wildfires — given the high value of homes and businesses...
BlackRock Leaves Major Climate Group Amid Wall Street Exodus January 10, 2025 By Silla Brush, Saijel Kishan and Alastair Marsh BlackRock Inc. is parting ways with one of the world’s biggest climate-investor groups after being targeted by Republican politicians for...
Warner Pacific Completes Acquisition of 5 Acrisure General Agencies January 10, 2025 General agency Warner Pacific said it has acquired five general agencies from broker and fintech specialist, Acrisure, effective Dec. 1...
People Moves: AIG Moves Flatt to Global CUO; Tooker Now President at The Hartford; Berkley Financial Names Brinkley Chief of Claims January 10, 2025 American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief...
Catastrophe Bond Funds Say They’ll Dodge Losses as LA Fires Rage January 10, 2025 By Gautam Naik The wildfires sweeping through Los Angeles are unlikely to trigger significant losses for catastrophe bonds designed to capture such risks....
Meta Knew It Used Pirated Books to Train AI, Authors Say January 10, 2025 By Blake Brittain Meta Platforms used pirated versions of copyrighted books to train its artificial intelligence systems with approval from its CEO Mark...
White House Rushes to Finish Cyber Order After China Hacks January 10, 2025 By Katrina Manson and Jake Bleiberg The Biden administration is racing to put out an executive order meant to shore up U.S. cybersecurity in its dwindling...
Brain Monitoring: It Could Improve Employee Performance or Worsen Discrimination January 10, 2025 By Paul Brandt-Rauf Despite all the attention on technologies that reduce the hands-on role of humans at work – such as self-driving vehicles,...
Insured Losses From Los Angeles Wildfires Rising: $8B to $20B January 9, 2025 By Don Jergler Editor’s note: This story has been updated with new AccuWeather total loss estimates. With aerial firefighting returning as strong Southern...
Floods Are Top Risk to Supply Chains in 2025, Everstream Says January 9, 2025 By Mary Hui Flooding poses the greatest threat to supply chains this year, as warm ocean temperatures fuel more frequent and disruptive storms,...