Aviation Re/insurers Face Claims as High as $10B From Planes Grounded in Russia March 22, 2022 Insurers and reinsurers could face claims as high as US$10 billion in a worst-case scenario due to the grounding of...
Financial Market Volatility From Russia-Ukraine War Likely to Affect European Insurers March 22, 2022 The Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct...
World’s Cargo Ships Are Sailing Into Supply Chain Disruptions via Climate Risks: Report March 21, 2022 By Eric Roston Dangerous, expensive disruptions to shipping and many of the world’s roughly 3,700 ports are on the rise along with global...
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s March 10, 2022 Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility...
Managers at UK Firms Expect to Dial Back Pandemic-Era Flexible Work Arrangements March 10, 2022 By Mumbi Gitau Many managers at UK companies expect to dial back their pandemic-era embrace of remote work and flexible arrangements once COVID-19...
Many Boardrooms Still Fail to Grasp ESG Risk, Marsh Review of Annual Reports Finds March 2, 2022 Many global firms are still failing to prioritize environmental, social, and governance (ESG) risks in the boardroom, which is creating...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk February 25, 2022 Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2...
Flash Floods Threaten 126,000 Commercial Buildings in London, and Risk Will Worsen February 25, 2022 By Jessica Shankleman More than 126,000 commercial buildings in London are at risk from flash flooding. Climate change will heighten that threat. Those...
Extreme Wildfires Expected to Increase 30% by 2050 February 24, 2022 By Gloria Dickie Indonesia’s peatlands, California’s forests, and, now, vast swathes of Argentine wetland have all been ravaged by extreme wildfires, heralding a...
Aging Oil-Storage Ships Pose Safety, Environmental Risks Around the World February 23, 2022 By Paul Burkhardt and Julian Lee The decades-old, oil-storage ship that blew up off the coast of Nigeria recently — killing some of its crew and...