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Tag: insurance-journal

Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Insurance Journal | December 10, 2024
Insurers’ Climate Losses Almost Match Premiums From Fossil Fuels
Top insurance companies suffered $10.6 billion of climate-attributed losses this year, just shy of the $11.3 billion of direct premiums they underwrote for commercial fossil-fuel clients in 2023, according to Insure Our Future. Of the 28 insurers reviewed, more than …
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run
Insurance Journal | December 10, 2024
Catastrophe Bonds See Investor Influx After ‘Fantastic’ Run
After emerging from an unusually active hurricane season with market-beating returns, catastrophe bonds are rapidly adding investors. Despite the increase in extreme weather — 2024 marked the ninth straight season in which the Atlantic basin suffered above-average storm activity — …
Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks
Insurance Journal | December 10, 2024
Yellen Warns Financial System Still Faces Commercial Real Estate, Crypto Risks
The US financial system continued to face vulnerabilities from commercial real estate risk and digital assets in 2024, Treasury Secretary Janet Yellen said on Friday, even as cooling inflation and low unemployment bolstered the broader economy. She signaled top US …
Study: A Meter of Sea Rise Could Impact $1 Trillion in Property on Southeast Coast
Insurance Journal | December 10, 2024
Study: A Meter of Sea Rise Could Impact $1 Trillion in Property on Southeast Coast
A meter of sea level rise by 2100 would affect more than 14 million people and $1 trillion worth of property along the Southeast Atlantic coast, a new study shows. A recent study published in the journal Nature Climate Change …
Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed
Insurance Journal | December 10, 2024
Environmentalists Headed to Court Over Proposed Oil Well in Florida Watershed
TALLAHASSEE, Fla. (AP) — Environmentalists are heading to court to try to stop a plan to drill for oil in the watershed of a vulnerable north Florida river. The challenge brought by the conservation group Apalachicola Riverkeeper against the state’s …
IICF Raises $1.4 Million for Northeast Nonprofits
Insurance Journal | December 10, 2024
IICF Raises $1.4 Million for Northeast Nonprofits
The Insurance Industry Charitable Foundation (IICF) reports that it raised more than $1.4 million at its 18th Annual Northeast Benefit Event last week in New York City. The gala hosted more than 600 professionals from the insurance industry for an …
New York Expands Workers’ Compensation For Mental Health to All Workers
Insurance Journal | December 9, 2024
New York Expands Workers’ Compensation For Mental Health to All Workers
New York Governor Kathy Hochul has signed legislation to expand workers’ compensation benefits to people who are facing job-related mental health crises. The new law, which goes into effect January 1, 2025, allows any worker to file for workers’ compensation …
People Moves: GC&C Appoints Key Leaders in Mediterranean & LatAm; Ryan Financial Lines Names Winborn as President, Mitchell as COO
Insurance Journal | December 9, 2024
People Moves: GC&C Appoints Key Leaders in Mediterranean & LatAm; Ryan Financial Lines Names Winborn as President, Mitchell as COO
This edition of International People Moves details appointments at Generali Global Corporate & Commercial and Ryan Financial Lines. A summary of these new hires follows here. Generali Global Corporate & Commercial Appoints Key Leaders in Mediterranean & LatAm Region Generali …
Texas’ Push to Meet Power Demand Could Spark Uranium Mining Revival
Insurance Journal | December 9, 2024
Texas’ Push to Meet Power Demand Could Spark Uranium Mining Revival
In the old ranchlands of South Texas, dormant uranium mines are coming back online. A collection of new ones hope to start production soon, extracting radioactive fuel from the region’s shallow aquifers. Many more may follow. These mines are the …
Ohio Manufacturer Faces $182K Fine for Workers’ Amputations
Insurance Journal | December 9, 2024
Ohio Manufacturer Faces $182K Fine for Workers’ Amputations
U.S. Department of Labor inspectors found a Cleveland, Ohio bakeware manufacturer failed to prevent two workers from suffering injuries that resulted in amputations, incidents that could have been avoided with proper safety measures. The department’s Occupational Safety and Health Administration …