International
World Court to Issue Climate Change Opinion on July 23
The top United Nations court will issue a nonbinding opinion on July 23 regarding countries' legal obligations to combat climate change, a decision expected to be cited in climate change-driven ...
Report Says Heathrow Fire Caused by Preventable Technical Fault Known for Years
An electrical substation fire that shut down Heathrow Airport, canceling more than 1,300 flights, was caused by a preventable technical fault identified almost seven years earlier, a report found ...
A Review of Global Climate Lawsuits Against Fossil Fuel Companies
A German court ruled against a Peruvian farmer on Wednesday in a landmark case that claimed global warming, fueled by energy company RWE's historical greenhouse gas emissions, put his home at risk. ...
Keiretsu No More: What Japan’s Insurance Market Reforms Mean for U.S. Insurers
Long regarded as one of the world's most stable insurance markets, Japan's non-life sector is now experiencing major disruption. Deregulation aimed at unwinding keiretsu-style cross-shareholding ...
Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report
Demand for political risk insurance is likely to rise by 33 percent due to tariff uncertainty and the instability of the current trading environment, according to Howden's 2025 survey of ...
Japan Warns Potential Megaquake Could Kill Nearly 300,000
A long-feared megaquake off Japan's southern coast could result in almost 300,000 deaths, according to a new model released by the government. In the worst-case scenario, a megaquake in the Nankai ...
15% of W.R. Berkley Shares Being Acquired by Mitsui Sumitomo Insurance
Last Friday, W.R. Berkley Corp. said that Japanese property/casualty insurer Mitsui Sumitomo Insurance Co. would buy a 15% stake in the company through open market purchases or private transactions ...
Firms That Issue Green Bonds Better at Tackling Emissions: Study
Companies that issue green bonds tend to be better at reducing their greenhouse gas emissions, especially in heavily polluting sectors, new analysis from the Bank for International Settlements has ...