Pennsylvania PUC Approves $1M Settlement Over Gas Explosion That Leveled Home August 8, 2023 The Public Utility Commission has approved a revised settlement totaling nearly $1 million with a gas utility over a 2019...
US Insurers Invested in Fossil Fuels as Climate Risks to Underwriting Mount August 8, 2023 By Isla Binnie U.S.-based insurers have invested hundreds of billions of dollars in fossil fuel-related assets which in turn contribute to the risk...
People Moves: BHSI Names AIG’s Bidmead for Transactional Liability; TransRe Announces Group of Promotions; CNA Hardy Appoints Sr. Underwriters for UK Marine August 8, 2023 This edition of International People Moves details appointments at Berkshire Hathaway Specialty Insurance (BHSI), Trans Re and CNA Hardy. A...
Insured Loss Estimate for Turkey Earthquake Rises to US$3.4 Billion: PERILS August 8, 2023 The third loss estimate for the Kahramanmaras Earthquake Sequence, which hit large parts of south-central Turkey and neighboring Syria on...
More ESG Lawsuits on the Horizon as Investors Jump on UK Law August 8, 2023 By Natasha White Investors are becoming more emboldened to file legal challenges against companies for their net zero claims, approaches to governance and...
Vale Loses Bid to Block BHP’s London Lawsuit in Brazil Dam Case August 8, 2023 Vale on Monday lost a bid to block fellow mining giant BHP Group’s bid to have it share potential liability...
Japan Cannot Confirm Security Leak After Report Says China Hacked Defense Networks August 8, 2023 Japan cannot confirm if any security information has been leaked, the top government spokesperson said on Tuesday when asked about...
Japan Competition Watchdog Probes Insurers Over Price Fixing August 8, 2023 By Nao Sano Japan’s competition watchdog has begun an investigation into whether the top four non-life insurers colluded to set premiums for their...
Ukraine’s Drone Attack Hasn’t Yet Jolted Insurance Costs for Black Sea Oil Carriers August 8, 2023 By Alex Longley, Megan Durisin and Julian Lee A drone attack on a Russian oil tanker and a warning from Kyiv that more could follow has so far...
Average Cost of a Data Breach Has Reached an All-Time High: IBM Report August 8, 2023 By Jahna Jacobson According to IBM’s Cost of a Data Breach report, 2023 set an all-time high record with the global average data...