More than 100,000 residents in the Texas border city of El Paso were left with little to no water after a main break over the weekend, and it was expected to take till midweek for operations to return to normal, …
Main Break Leaves Many El Paso, Texas Residents Without Water Read More »
This edition of International People Moves details appointments at AXA XL Reinsurance and Zurich Insurance Group. A summary of these new hires follows here. AXA XL Reinsurance Promotes Longbottom and Pedro AXA XL Reinsurance announced it has promoted Julian Longbottom …
In separate reports last week, AM Best and Morgan Stanley analyzed P/C insurance industry expense ratios, with one reporting a 2.4-point drop over the past decade and the other projecting another potential 2.0-point decline by 2030. While both reports highlight …
Expense Ratio Analysis: AI, Remote Work Drive Better P/C Insurer Results Read More »
Tesla agreed to enter mediation that could resolve the U.S. Equal Employment Opportunity Commission’s lawsuit accusing Elon Musk’s electric car maker of tolerating severe and widespread harassment of Black employees at its Fremont, California, assembly plant. The EEOC said it …
Tesla Agrees to Mediation That Could Resolve EEOC’s Racism Lawsuit Read More »
A global backdrop increasingly threatened by trade disputes and inter-state conflict is how respondents in a World Economic Forum survey see things panning out in 2026. The annual poll of 1,300 leaders and experts by the organization that will next …
Trade and War Worries Haunt Davos as World Seen ‘on a Precipice’: WEF Survey Read More »
Consumer acceptance of telematics technology in auto insurance is growing, creating opportunity for insurers who can cater to tech-driven drivers who crave personalized pricing and service. Today, 82% of policyholders view telematics apps positively, according to a recent survey by …
Consumer Acceptance of Telematics Widens, Says Survey Read More »
The planet experienced its third-warmest year on record in 2025, and average temperatures have exceeded 1.5 degrees Celsius of global warming over three years, the longest period since records began, EU scientists said on Wednesday. The data from the European …
2025 Was World’s Third-Warmest Year on Record: EU Scientists Read More »
Sedgwick, the Memphis, Tennessee-based risk and claims administration provider, announced the launch of its Sedgwick Global Specialty platform in London, a dedicated solution designed to handle the largest and most complex losses. The platform represents a major investment to drive …
Sedgwick Launches Global Specialty Platform in London Read More »
Drones struck two oil tankers in the Black Sea on Tuesday, including one chartered by U.S. oil major Chevron, the companies involved said, as they sailed toward a terminal on the Russian coast. Both were en route to the Yuzhnaya …
Drones Hit Two Tankers in Black Sea, Driving Up War Insurance Costs Read More »
The finance industry is relying on climate models that understate the speed at which temperatures are rising, according to a fresh study by Britain’s main association of actuaries. The Institute and Faculty of Actuaries, which conducted its study together with …
UK Actuaries Sound Alarm on Loss Models Downplaying Climate Risk Read More »
