Insurance

Executive summary: Climate change, caused by human activity, is already leading to an increase in the frequency and severity of hot extremes, including heatwaves. While it is difficult to ascribe any given event to climate change, Moody’s RMS says, extreme …

China has been hit by devastating floods in recent weeks, inundating cities and causing deaths and infrastructural damage, as well as raising questions about the effectiveness of its 2015 “sponge city” initiative aimed at reducing urban flood risks. The initiative …

Australia’s weather bureau said on Tuesday the El Niño weather event, associated with hotter, drier weather, was likely to hit during the southern hemisphere spring, between September and November. El Niño, characterized by elevated sea surface temperatures in the eastern …

Typhoon Lan reached the coast of central Japan early Tuesday, grounding flights and halting trains as residents braced for heavy rain, flooding and landslides. Known locally as Typhoon No. 7, the storm has been traversing the archipelago’s central belt since …

Merchant ships remained backed up in lanes around the Black Sea on Monday as ports struggled to clear backlogs amid growing unease among insurers and shipping companies a day after a Russian warship fired warning shots at a cargo vessel. …

Israel-based fintech Vesttoo is seeking Chapter 11 bankruptcy protection in a U.S. court which will enable it to pursue legal action against those responsible for a fake collateral scandal, it said in a statement on Monday. Vesttoo – partly backed …

White House officials concerned by AI chatbots’ potential for societal harm and the Silicon Valley powerhouses rushing them to market are heavily invested in a three-day competition ending Sunday at the DefCon hacker convention in Las Vegas. Some 3,500 competitors …

The Motor Carrier Insurance Education Foundation (MCIEF) has named Jim Schoonover its new education director. He succeeds Tommy Ruke who founded the organization in 2013. Schoonover, whose mission will be to educate transportation industry insurance professionals, began as a school …

One of five Alabama tow truck operators charged with overcharging insurance companies will go to trial in April, almost four years after the men were hit with insurance fraud charges. Danny Williams, owner of Southport Towing, in Mobile, Alabama, was …

A towering North Carolina roller coaster that shut down in June due to a large crack in its support column reopened Thursday after a month of repairs and testing, the park announced on its website. Carowinds amusement park, which straddles …