Envelop Risk, the data-driven cyber reinsurance and analytics specialist, announced it has just completed a capacity agreement with MS Reinsurance for a further three years. Further to that, MS Reinsurance recently became a client of Envelop’s new Solutions Business with …

Krispy Kreme Inc. said a cybersecurity incident had disrupted some of its operations, including online ordering in parts of the US. The company said in a regulatory filing Wednesday that it was notified on Nov. 29 of unauthorized activity in …

British oil and gas major Shell on Tuesday settled a London lawsuit it brought against environmental group Greenpeace after activists boarded a Shell oil production vessel last year. Greenpeace said it had agreed to pay 300,000 pounds ($382,650) to the …

Another human pandemic could cause economic losses of $13.6 trillion for the global economy over a five-year period, commercial insurance market Lloyd’s of London predicted. The impact would mainly be from disruption across global industries due to local lockdowns and …

Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on Wednesday by the Prudential Regulation Authority, after it identified information gaps during recent market turmoil. The global COVID-19 pandemic in …

Major food companies, including Kraft Heinz, Mondelez and Coca-Cola, were hit with a new lawsuit in the U.S. on Tuesday accusing them of designing and marketing “ultra-processed” foods to be addictive to children, causing chronic disease. The lawsuit was filed …

Swiss Re Institute (SRI) made a significant contribution to the literature on social inflation and its impacts on insurers, reinsurers and their customers with the calculation of a new measure—a social inflation index. (Related article: US Nuclear Verdicts Break Records …

Policymakers aiming to recommend safeguards for artificial intelligence are facing a formidable challenge: science that is still evolving. AI developers themselves are grappling with how to prevent abuse of novel systems, offering no easy fix for government authorities to embrace, …

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 — …

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 …

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 …

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 …

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 …

Swaths of Pennsylvania and many other states are honeycombed with old, unstable mines that can cause the earth to suddenly give way and threaten people and property. That’s what searchers in Westmoreland County, just southeast of Pittsburgh, fear led to …

Alliant Insurance Services acquired Union First in Irvine, California. Union First will join Alliant’s Employee Benefits Group – West Region. Union First is a benefits consulting and third-party administration firm serving public safety labor associations, including police, firefighters and deputy …

The California Transportation Commission awarded $101.2 million to projects across the state to improve walking and biking safety. The 13 projects awarded are intended to contribute to healthier communities, connect neighborhoods, and improve quality of life by building comfortable bikeways, …

Ten people were injured after a police traffic officer on a motorcycle crashed into bystanders at a weekend holiday parade in Palm Springs, California, authorities said. All of the injured were taken to hospitals Saturday night for treatment of injuries …

DUAL North America, headquartered in Naples, Florida, appointed Andreas Graham as executive vice president of the EIURS team, a division of DUAL, and Ed Frey as senior vice president of professional liability. Based in Boston, Graham will lead the EIURS …

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 …

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 …