Munich Re Stops Insuring Nord Stream 2 Pipeline on Fears of U.S. Sanctions February 23, 2021 A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid...
HSB Launches Workplace Violence Insurance for Small Businesses February 18, 2021 HSB, part of Munich Re, has created a new workplace violence insurance coverage for small to mid-size businesses, providing counseling,...
AI Startup that Uses AI and Partners with Re/insurers, Now Is Seeking Canadian IPO February 10, 2021 By Marcy Nicholson and Kevin Orland Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about...
As Insurers Exit Coal Underwriting, They May Find It’s Good for Stock Valuations February 2, 2021 By Tim Quinson As far as climate groups like the Sunrise Project are concerned, getting insurers out of the coal underwriting business is...
If Tokyo Olympics Canceled, Loss for Insurers Would Be ‘Mind-Blowingly’ Big January 27, 2021 By Noor Zainab Hussain and Carolyn Cohn LONDON — Insurers are facing a $2-3 billion loss if the Tokyo Olympics are canceled this year, amounting to the...
Here’s How European Satellites Can Help Predict the Next Weather Disaster January 19, 2021 By Jonathan Tirone Spain began the new year battling Storm Filomena, a once-in-a-generation weather event that blanketed Madrid in snow and paralyzed the...
Earth Draws Closer to Climate Change Tipping Points After Another Year of Record Heat January 8, 2021 By Jonathan Tirone Another year of record-high heat punctuated a decade-long increase in global temperatures that has placed the Earth’s economies dangerously close...
Global Natural Catastrophes Cost $210 Billion in 2020: Munich Re January 7, 2021 Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit...
Why World Bank’s Controversial Pandemic Bonds Didn’t Function as Hoped December 10, 2020 By Tracy Alloway and Tasos Vossos In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood...
How to Address the Next Uninsurable Pandemic — A Black Swan Event December 9, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson There aren’t many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout...