Tokio Marine GX (TMGX) will offer up to $500 million on any single...
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Earth’s average temperature for 2025-29 likely to exceed 1.5 deg C limit: WMO
The report also said there is a 70 per cent chance that the average...
Boeing’s agreement with US Justice Department to avoid criminal charges for 2 fatal crashes of its 737 Max jets
The tentative agreement would allow require Boeing to contribute...
ESG Review-Course-correction underway among financial firms
The upshot is a broad-based retreat from the environmental and social principles that initially led financial firms to look for hires outside their usual stomping grounds. As a result, many of the climate scientists and campaigners from nonprofits who were hand-picked...
Blackout- Spain and Portugal companies count the cost
Spain’s main business lobby CEOE estimated the outage would shave 1.6 billion euros ($1.82 billion), or 0.1%, off gross domestic product, noting it could take oil refineries a week or more to resume their operations fully, and that some industrial ovens had been...
Hackers target ransomware by disrupting Marks & Spencer Group
A group of suspected cybercriminals hit the company with a kind of ransomware known as DragonForce London: A ransomware attack is the cause of a disruption at Marks & Spencer Group Plc., with hackers using a potent kind of malware to lock down some of the British...
U.S. insurers face higher loss costs and market risks from trade war: Fitch
Property casualty (PC) insurers face cost inflation in personal auto and homeowners’ lines from tariffs. Other watch items include increased severity of claims pressuring margins, and the effect of market volatility and potential losses on equity portfolios New...
Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re
Balz Grollimund, Swiss Re's Head of Catastrophe Perils, said: "Our recent analysis of over 200 in-house models and the loss trend over the last 30 years show what is at stake: When a severe hurricane or a major earthquake hits an urban area in a country with...
Corporate America boosts security spending after UnitedHealth murder, filings show
“The number of customers requiring assessments and executive protection has increased 10 to 15 times the number prior to December 4,” said Glen Kucera, president at security services firm Allied Universal, which serves more than 80% of Fortune 500 companies U.S....
Power outage hits large parts of Spain and Portugal
Officials said the possibility that it was caused by a cyber attack had not been ruled out MADRID/LISBON: Spain and Portugal were hit by a widespread power outage on Monday that paralysed public transport, caused large traffic jams and delayed flights.Utility...
Solid monetary frameworks helped emerging markets navigate recent crises: Gita Gopinath
Gita Gopinath,Chief Economist,IMF IMF chief economist Gita Gopinath stated that “if we have to take a lesson from it, the reason that they had that resilience was that they built up good, solid monetary policy frameworks, the inflation targeting regime, maintaining...
A massive explosion at Iran’s largest port linked to missile fuel shipment kills 18, injures some 800
On Saturday night, the state-run IRNA news agency said that the Customs Administration of Iran blamed a stockpile of hazardous goods and chemical materials stored in the port area" for the blast, without elaborating. MUSCAT, Oman: A massive explosion and fire rocked...
UK polluting water bosses face up to two years in prison
The new measure delivers on the government’s promise to bring tougher criminal charges against lawbreakers in the water industry, UK’s Department for Environment, Food & Rural Affairs said in a statement. It’s essential “because some water companies have...