International
U.S. Joins 55 Nations to Set New Global Rules for the Internet
The United States and 55 other nations on Thursday signed a political commitment to push rules for the Internet that are underpinned by democratic values, at a time when the U.S. has accused Russia ...
Climate Change Could Put 4% of Global GDP at Risk by 2050: S&P
Climate change could see 4 percent of global annual economic output lost by 2050 and hit many poorer parts of the world disproportionately hard, a new study of 135 countries has estimated. Ratings ...
London Market Continues to Benefit From Rising Rates and Other Tailwinds: AM Best
Upward premium rate momentum is expected to continue to support underlying performance for the London market, despite mounting challenges connected to climate modeling, claims inflation and the war ...
Climate Change Exacerbates Extreme Weather in Europe: Report
Climate change produced another record-breaking year of extreme weather in Europe in 2021, triggering catastrophic flooding and the hottest summer on record, according to scientists at the Copernicus ...
U.S. Companies Warn China’s Data Rules Risk Creating ‘Digital Island’
China's "uniquely restrictive" data laws risk boosting U.S. firms' cost of doing business in the No. 2 economy and could lead to digital decoupling, a new report from an American business group ...
Say Goodbye to Collateral Requirements for Non-U.S. Reinsurers
Financially strong EU and UK reinsurers will finally see the end of collateral requirements for business they write in the United States—changes that have been more than 20 years in the making. ...
Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Market Profits
The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price momentum, according to a commentary published by ...
South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives
South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area. The ...