Hurricane Otis’ Insured Losses Estimated at $2.5B-$6B: Moody’s RMS, Verisk
Moody's RMS, the risk modeling and solutions company, estimates private market insured losses from Hurricane Otis to range between $2.5 billion and $4.5 billion. On the ...
International
Biz Leaders Say Economic Downturn Outranks Climate, Tech as Top Worry
Economic and societal threats—such as an economic downturn, inflation, and an erosion of social cohesion—rank among the biggest risks to doing business in G20 countries over the next two years, ...
Cyber, Geopolitics, Supply Chain Issues Are Risks to Watch in 2024
Two reports released recently highlight the risks to watch for businesses in the coming year. The Hartford Risk Monitor, spotlighting top risks for mid to large businesses through a survey of agents ...
Scientists Say 2023 Set to Be Warmest in 125,000 Years
This year is set to be the world's warmest in 125,000 years, European Union scientists said on Wednesday, after data showed last month was the hottest October on record by a massive margin. Last ...
Lloyd’s to Invest $65M in Regions Affected by Transatlantic Slave Trade
Lloyd's of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the ...
Climate’s ‘Catch-22’: Cutting Pollution Will Accelerate Global Warming
Air pollution, a global scourge that kills millions of people a year, is shielding us from the full force of the sun. Getting rid of it will accelerate climate ...
Researchers Recommend Governments, Businesses Should Spend More on AI Safety
Artificial intelligence companies and governments should allocate at least one-third of their AI research and development funding to ensuring the safety and ethical use of the systems, top AI ...
Supply Chain Risk Heightened by Climate Threats
Since acute and chronic climate risks, like floods and droughts, threaten damage and disruption to supply chains across critical industries, including the semiconductor manufacturing sector, it's ...
UK Watchdog Fines Equifax $13.4M for Role in ‘One of Largest’ Cyber Breaches
Britain's financial watchdog said on Friday it had fined consumer credit rater Equifax Ltd. 11 million pounds ($13.4 million) for its role in "one of the largest" cyber-security breaches in history. ...
Israel to Provide $6B War Insurance Cover for Israeli Airlines
Israel's parliamentary finance committee approved a plan to provide a state guarantee of $6 billion to cover insurance against war risks to Israeli airlines, the Finance ...