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Sustainable investments in emerging markets are facing a reckoning as environmental, social and governance strategies crumble under the weight of ongoing capital outflows and the appeal of ...
McKinsey & Co. is nearing a deal with U.S. prosecutors to pay at least $500 million to settle federal probes into its past work helping opioid makers boost sales, according to people familiar ...
As U.S. business leaders across industries increasingly rely on artificial intelligence (AI) for critical decision-making, gaps in literacy, ethical usage and organizational preparedness remain ...
Insurance broker Aon plc announced the creation of two new U.S. Reinsurance Solutions leadership roles. Effectively immediately, Stephen Hofmann has been named U.S. CEO of Reinsurance Solutions for ...
Data and technology leaders at insurance organizations are gung ho about using GenAI to increase customers satisfaction, reduce operating costs and improve risk management, but few are fully ready to ...
Catastrophe risk modelers delivered a wide range of estimates of insured losses from Hurricane Milton this week—ranging from a low of $17 billion to a high of $50 billion. Estimates as of Oct. 17 ...
Allstate Corp. doesn't announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In keeping with its initiative to announce monthly ...
Travelers on Thursday said third-quarter net income was $1.26 billion compared to net income of $454 million during the same period a year ago on record net premiums, favorable prior year reserve ...
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual ...
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re's latest Nat Cat report. The ...
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