The World Bank is looking to issue its first drought bond in the next 12-18-months and broaden its offering of catastrophe bonds supporting countries suffering devastation from storms and earthquakes, a senior executive at the lender said. The drought bond …

A group of 14 attorney generals has formed a coalition to persuade the Federal Emergency Management Agency (FEMA) to initiate rulemaking to update its regulations to recognize extreme heat and wildfire smoke events as eligible for major disaster declarations under …

FM Global said it will now be known simply as FM. The commercial property insurer on July 17 unveiled its new name and “titanium” logo at the company’s midyear meeting. “We believe that by uniting our businesses under the FM …

This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. A summary of these new hires follows here. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe announced the appointment …

Valley Insurance Agency Alliance (VIAA), headquartered in St. Louis, hired Carly Sherman as a book management coach. Sherman is focused on improving personal lines production profitability with strategic and regional partner carriers. Sherman previously worked as an agency manager with …

The majority of Houston outages that followed Hurricane Beryl should be fixed by Wednesday, the city’s main utility company said as Texas Gov. Greg Abbott threatened to punish CenterPoint Energy even after the lights come back. The Texas Public Utility …

Deere & Co., the world’s top farm machinery maker, is pulling back from diversity measures in the face of conservative criticism, the second agriculture-related company in less than a month to bend to such pressure. Deere said on the social …

Altman Specialty Plants, LLC, the largest horticultural grower in the United States, will pay $172,000 in monetary relief and furnish extensive injunctive relief to resolve a finding of sex discrimination and retaliation by the U.S. Equal Employment Opportunity Commission (EEOC) …

WALLACE, La. (AP) — Sisters Jo and Dr. Joy Banner live just miles from where their ancestors were enslaved more than 200 years ago in St. John the Baptist Parish, Louisiana. Their tidy Creole cottage cafe in the small riverfront …

Reckitt Benckiser Group Plc said sales will be affected by a tornado that struck a warehouse in Mount Vernon, Indiana, where it stores products and raw ingredients for its baby formula business. The consumer goods company said Wednesday that the …

DES MOINES, Iowa (AP) — Record flooding and powerful tornadoes ravaged parts of Iowa for weeks this spring, destroying or damaging thousands of homes, closing roads and bridges and costing over $130 million in infrastructure damage, officials said Thursday. The …

Workers’ compensation claim rates and benefits paid in Minnesota continue to be stable or follow their long-term downward trajectories, a new Department of Labor and Industry (DLI) report shows. The 2024 Minnesota Workers’ Compensation System Report presents trend data regarding …