AXIS Capital Commits to Greenhouse Gas Reduction Goals
AXIS Capital Holdings Ltd. announced its commitment to a 50 percent absolute reduction of Scope 1 and 2 greenhouse gas (GHG) emissions by 2030 across its global ...
International
Earthquakes in Turkey to Cost Insurers More Than $1 Billion, Verisk Estimates
Economic losses for the Feb. 6, 2023, earthquakes in Turkey will likely exceed $20 billion, while insured losses will likely be more than $1 billion, according to Extreme ...
Zurich Insurance Net Income Fell 12%, Internal Profit Rose 12% in 2022
Zurich Insurance Group reported net income attributable to shareholders of $4.6 billion in 2022, a 12 percent decrease from $5.2 billion in 2021, which was driven mainly by a lower level of capital ...
Group of Institutional Investors Back Lawsuit Against Shell’s Board Over Climate Risk
A group of European institutional investors is backing a novel London lawsuit against energy giant Shell's board over alleged climate mismanagement in a case that could ...
U.S. and EU to Launch First-of-Its-Kind AI Agreement
The United States and European Union on Friday announced an agreement to speed up and enhance the use of artificial intelligence to improve agriculture, healthcare, ...
Climate Disaster in Amazon Rainforest Could Cascade Across Earth, Study Finds
Trees set ablaze in Brazil's Amazon rainforest could contribute to melting glaciers in the Himalayas and Antarctica because distant ecosystems that regulate the Earth's ...
CFOs Now Occupy Hottest Seat in Boardroom and Most Acute Labor Shortage
It's not just truck drivers and nurses. The most acute labor shortage for many companies right now is the chief financial officer.
Global Insured Losses From Natural Disasters Topped $130B in 2022 in 5th Costliest Year
Economic losses from natural disasters in 2022 were estimated at $313 billion, with an insurance price tag of approximately $132 billion, according to Aon.
Parametric flood insurer FloodFlash announced that it has entered the U.S., aiming to augment the market by using its parametric technology to make flood insurance ... Investors in the $35 billion catastrophe bond market are demanding the highest premiums in years to cover issuers against disasters, as weather events become more extreme ...
InsurTech FloodFlash Officially Launches in U.S.
Cat Bond Investors Demand Higher Premiums as Weather Becomes More Extreme