International
UN Warns Global Warming Will Exceed 1.5C and Must Be Reversed
Since countries signed onto the 2015 Paris Agreement, the United Nations has regularly reported on the world's progress at limiting global warming to 1.5C above pre-industrial levels. A landmark UN ...
Lloyd’s Reports Improved Combined Ratio on H1 Underwriting Profit of £1.9B
Lloyd's of London reported an improved first-half combined ratio of 90.8, (H1 2025: 92.5), which drove an underwriting profit of £1.9 billion ($2.6 billion), compared with £1.5 billion ($2.0 ...
AI-Driven Cyber Risk Is Top Concern for Global Financial Stability, Watchdog Says
Financial Stability Board Chair Andrew Bailey said on Monday that the impact of AI on cyber risk was the most immediate concern for the global financial system, saying the technology could change the ...
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’
In the opening scene of American writer Kim Stanley Robinson's "The Ministry for the Future," a heat wave combined with a breakdown of the electrical grid in India kills 20 million people. The ...
Latin American P/C Insurers Enter Softer Market but Earnings Stay Resilient
Latin American non-life insurers are moving into a softer part of the cycle, but they are doing so from a position of relative strength. After two years of pricing adjustments in response to the ...
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves
Londoners are facing historic levels of subsidence risk after five successive heat waves dried out the clay soil on which much of the city is built. Insurance claims tied to subsidence — a ...
Global Wildfire Surge Hits U.S., Propelled by Rising Temperatures
The U.S. is enduring one of its worst wildfire seasons in years, with blazes scorching millions of acres. It's part of a global pattern of hot, dry conditions that favor fires becoming more common ...
Supply Chain Insurance Is ‘Must-Have’ Cover During Geopolitical Tensions: GlobalData
Supply chain insurance is seen by businesses as must-have protection during periods of geopolitical tensions -- in order to safeguard their daily commercial operations, according to GlobalData, the ...