Insurance

Willis, a WTW business, announced the launch of Gemini, the first digital facility designed to deliver sustainable capacity locally to clients across their insurance portfolios. This solution is designed to address the increasing complexity of risk and market volatility, providing …

Italy’s Ventina glacier, one of the biggest in northern Lombardy, has melted so much due to climate change that geologists can no longer measure it the way they have for the past 130 years. After this year’s hot summer, geologists …

Orange SA’s Belgian business said that hackers gained access to data from 850,000 customer accounts, in the third major cyberattack targeting the French telecommunications firm this year. The company detected that one of its IT systems had been compromised at …

One month after being hit by European Union sanctions, India’s Nayara Energy Ltd. is relying on a growing pool of dark-fleet tankers to transport its products, and a narrowing menu of crude imports to keep its operations running. The oil …

Canadian energy giants Cenovus Energy Inc. and Enbridge Inc. are facing a greenwashing complaint by an investor group that accuses the companies of misleading disclosures over emissions targets. Investors for Paris Compliance (I4PC) accused the oil sands producer and the …

With more states adding or considering restrictions on third-party funding of lawsuits, one of the largest litigation finance firms is now planning to invest directly in some law firms. “We are pursuing strategic minority investments in firms where we can …

Are property/casualty insurers facing a potential retention problem with small business customers? According to the J.D. Power 2025 U.S. Small Commercial Insurance Study, just 55% of customers say they “definitely will” renew with their current insurer, down six percentage points …

In Montpelier, city officials plan to remove the Pioneer Street Dam and restore a nearby floodplain. Together, the projects are predicted to have compounding positive effects that reduce flood risk in the city. The Pioneer Street Dam — an old …

CREST Insurance Group named Jennifer Gibbs relationship development manager for CREST’s personal lines division. Gibbs will work out if the firm’s San Diego, California, headquarters. Gibbs has more 20 years of experience in wholesale propane, corporate finance and commercial lending. …

AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb” (Fair) of Universal North America Insurance Company (UNAIC) based in Arlington, Texas. The …