News
Cuba’s Electrical Grid Down After Hit From Hurricane Rafael
Cuban authorities struggled to return power to the island on Thursday morning after Hurricane Rafael knocked out the country`s electrical grid, leaving 10 million people in the dark. The grid ...
How Trump’s Second Administration Affects Business: Musk, Tariffs and More
Donald Trump's return to the White House after winning the Nov. 5 U.S. presidential election may reshape American business. Much depends on whom he appoints as deputies and cabinet members, including ...
Chaucer Offers Nuclear Power Stations Insurance for Cyber Attacks
Chaucer has launched a new nuclear insurance policy that provides nuclear power plants (NPP) with insurance cover for cyber attacks. Called CyNuC, the malicious act cyber insurance policy was ...
Hurricane Rafael Strengthens as it Nears Cuba
Hurricane Rafael hit Category 2 strength and will likely intensify further as it churns north towards western Cuba on Wednesday, the National Hurricane Center said, packing sustained winds of 110 mph ...
Reality Show Star Pleads Guilty in Multimillion-Dollar Crop Insurance Fraud
Reality television star Steve McBee provided false information for crop insurance benefits, resulting in $3,158,923 federal crop insurance benefits and subsidies he was not entitled to receive. The ...
Drought Watch Declared in NYC, Residents Asked to Conserve Water
New York's mayor urged residents to take shorter showers, fix dripping faucets and otherwise conserve water, issuing a drought watch Saturday after a parched October here and in much of the United ...
AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market
American International Group CEO Peter Zaffino said he expects the reinsurance market to remain above losses generated by the frequency and severity of natural catastrophes. Losses will instead ...
The U.S. Has Sustained 24 Billion-Dollar Disasters in 2024
Since 1980, there have been 400 weather and climate disasters where overall damages/costs reached or exceeded $1 billion (including CPI adjustment to 2024), according to the National Centers for ...