Markets
Fed Edges Closer to Joining Global Peers in Climate Change Risk Reduction Efforts
The Federal Reserve is moving closer to joining an international group of central bankers working to understand and reduce climate change risk, paving the way for the world's most influential central ...
Watson’s Fairfax to Sell Vault; A.M. Best Issues Ratings Downgrade
Vault Insurance – a high-net-worth insurer majority-owned by Fairfax Financial's Allied World – will be sold, a decision that has led to an initial A.M. Best ratings downgrade. A.M. Best knocked ...
Parents Fired During Pandemic Suing Employers in Droves, Alleging Discrimination
Parents who've lost their jobs during the pandemic are driving a surge of litigation, alleging their employers discriminated against them for taking care of their kids when schools closed. Since ...
COVID-19 Driving Huge Claims Hike in U.S. Professional Liability Market: A.M. Best
The COVID-19 pandemic is creating varying levels of disruption for writers in the U.S. professional liability insurance market, with many expecting a sizable increase in claims, according to a new AM ...
Insurers Targeted by U.S. Sanctions Over Nord Stream 2 Pipeline
The U.S. is drawing up additional sanctions on the Nord Stream 2 natural gas pipeline project, the latest obstacle in the path of the 9.5 billion-euro ($11.2 billion) Russia-to-Germany link that's ...
Ex-Amazon Worker Sues Retailer, Alleging Discrimination Over Pandemic Conditions
A former Amazon.com Inc worker who protested conditions at his New York City fulfillment center sued the retailer on Thursday, accusing it of discrimination for firing him and for putting Black and ...
Nearly 1 in 5 Car Crashes Caused by Phone Distractions: Study
Despite education programs and state laws, phone-based driving distraction is still on the rise—and is likely responsible for far more accidents than widely reported, says a new study from ...
The Latest Launches From Conning, Berkshire Hathaway GUARD and Openly
Conning launched a new service designed to help institutional investors assess climate change risks for their portfolios. Berkshire Hathaway Insurance Companies added Indiana, Kansas, Kentucky, ...