Low-income countries are struggling to access insurance, catastrophe bonds and other hedging mechanisms that could help protect them from the economic fallout of climate change, industry sources told Reuters. Helping these countries, which face some of the biggest risks from …

CHICAGO (AP) – A group of current and former employees at a Chicago utility have filed a federal lawsuit alleging the company discriminated against them because they`re Black. The 11 plaintiffs filed the action Tuesday against Peoples Gas, the Chicago …

This edition of International People Moves details appointments at MS Amlin and Generali Global Corporate & Commercial (GC&C). A summary of these new hires follows here. MS Amlin Promotes Forsyth as Head of Marine, Succeeding Humberstone Who Is Retiring MS …

The chairman of the U.S. Senate’s Budget Committee has begun an investigation into Florida’s Citizens Property Insurance Corp. and how the state-created insurer plans to address potential underwriting losses from extreme weather events in coming years. The Budget Committee is …

According to Beazley’s Spotlight on Business Risks report, 22% of global executives reported employer risk as the top business risk challenge they face in 2023—a notable share that has doubled in just two years. Meanwhile, 27% of surveyed leaders said …

James Dyson, the billionaire inventor of the bagless vacuum cleaner, lost a libel lawsuit on Friday against a British newspaper publisher over a column that branded him a hypocrite who had “screwed” Britain. Dyson sued Mirror Group Newspapers (MGN), publisher …

Markel, the insurance operations within Markel Group Inc., said Bob Cox, president and chief operating officer, Global Insurance Operations, will be leaving his role December 31, after five years . “Bob joined us five years ago bringing his more than …

Hackers are targeting industrial control systems widely used by water and sewage-treatment utilities, potentially threatening water supplies, the top U.S. cyberdefense agency said after a Pennsylvania water authority was hacked. The U.S. Cybersecurity and Infrastructure Security Agency issued the warning …

While wildfires, severe storms and floods cause short-term impacts that often grab the world’s attention, a drought that stretches over seasons or even years can be easier to overlook. Yet a new UN report shows droughts are just as deadly, …

For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking off coal and essential supplies destined for First Quantum Minerals’ giant copper mine there, eventually forcing it to halt operations …

A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in 2021, forcing shipping lines to delay or divert vessels and causing global disruption of supply lines. “We can confirm that we …

Workers’ compensation patients who report comorbidities, especially mental health comorbidities (anxiety, depression, sleep dysfunction), had a stronger association with smaller functional recoveries than those who only reported physical health comorbidities such as diabetes, hypertension, obesity. That’s according to a recent …