News
Global Instability Leads to 16 Year Low for Insurance Carrier M&A Deals
Two new reports highlight the stagnant mergers and acquisitions seen in the insurance industry in 2024. In fact, global insurance carrier M&As slumped to a 16-year low in 2024 amid a wave ...
Climate Risks Threaten Trillions of Dollars in Real Estate: Study
New analysis by online real estate site Zillow highlights how climate change affects real estate across the U.S., with trillions of dollars' worth of real estate facing damage from flood, fire or ...
Another Round of Job Cuts to Impact U.S. Weather Monitoring Agency
The Trump administration is starting another round of job cuts — this one more than 1,000 — at the nation's weather, ocean and fisheries agency, four people familiar with the matter tell The ...
NJM’s CEO Livingston to Retire; Voorhees Named Successor
NJM Insurance Group's President and Chief Executive Officer Mitch Livingston, will retire on July 31, after 19 years at the company, including the past seven as its leader. The company's board of ...
Insurer Payouts Now at $12B for LA Wildfires, Report Shows
Insurance companies have so far paid out more than $12 billion for losses from the two biggest of the Los Angeles-area wildfires that swept through the region and destroyed tens of thousands of homes ...
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 ...
New Storm Could Spawn Tornadoes in the South, Blizzard in Northern States
A potent storm system is expected to pour heavy rain on western states later this week before rumbling into the central United States, where it could spawn tornadoes in the South and dump heavy snow ...
Lloyd’s Said It Will Lose $2.3B From LA Wildfires
Lloyd's this week said it will lose $2.3 billion from the Los Angeles wildfires in January, adding to the number of companies that have paid out more than $1 billion in losses from the catastrophe. ...