News
Biden Admin Announces $3 Billion in FEMA Climate Resilience Funding
The Biden administration on Friday announced it is putting more than $3 billion into two federal programs to help communities deal with floods, wildfires, extreme heat and other problems imposed by ...
J&J to End Global Sales of Talc-Based Baby Powder
Johnson & Johnson will stop selling talc-based baby powder globally in 2023, the drugmaker said on Thursday, more than two years after it ended U.S. sales of a product that drew thousands of ...
Climatic Hazards Aggravate Disease-Causing Pathogens, Scientists Warn
Here's something to think about after two years of living in a COVID-19 reality: More than 58 percent of human diseases caused by pathogens — think dengue, hepatitis, malaria, Zika — have been ...
Zurich Reports 25% Increase in H1 Operating Profit, Beating Expectations
Zurich Insurance Group reported a better-than-expected 25 percent rise in operating profit in the first half on strong performance across the board and announced a bumper 1.8 billion Swiss francs ...
Litigation Funders Are Fueling a Rise in UK Class Actions
Financiers are helping to fuel a rise in U.S.-style class-action lawsuits in the UK courts, lured by the promise of big payouts. The British litigation finance industry — which pays legal fees ...
Dry Lightning Sparking Costliest California Wildfires: Research
A new study has found dry lightning outbreaks are the leading cause of some of the largest wildfire outbreaks in modern California history. Despite this, dry lightning has remained largely ...
U.S. Captive Market Thrives Amid Capacity, Pricing Challenges
The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market, according to a new AM Best report. The Best's Special ...
Executives on the Move at Coalition, Obsidian, Crum & Forster, Hudson
Coalition announced three key appointments: Jim Young has been named chief financial officer. He brings over 20 years of experience leading global finance companies and public and private technology ...