Swiss Re tops the list of the world’s 50 largest reinsurers as a result of its adoption of the IFRS-17 accounting standards, which also led to a shuffle among the top-tier reinsurers, according to AM Best. Swiss Re had previously …

The glacial flooding that sent residents of Alaska’s capital city scrambling this week has become an annual ordeal for those who live along the picturesque river that winds from the nearby Mendenhall Glacier. This year, a giant wall of reinforced …

Preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead and sent 10 to hospitals, the company said Friday. U.S. Steel said it developed the information, …

Mercury Insurance said it has submitted a filing based on California’s new regulation enabling catastrophe modeling to be included as a factor in ratemaking. The filing is reportedly the first to use the Verisk Wildfire catastrophe model, which is designed …

The U.S. Justice Department said on Friday it has sued California in a bid to end the state’s enforcement of emissions standards for trucks. The DOJ said it filed two complaints this week in federal courts against the California Air …

Inside the world’s largest climate coalition for banks, there’s speculation that an exodus led by Wall Street could be about to spread to the European Union. The Net-Zero Banking Alliance, an organization dedicated to decarbonizing global finance, may be facing …

Higginbotham announced it has partnered with Roehr Insurance, one of the largest property and casualty insurance agencies in Cincinnati, Ohio. The partnership grows Higginbotham’s presence in the Midwest and provides Roehr with expanded resources to support both clients and employees. …

OpenAI Chief Executive Officer Sam Altman wants to spend trillions of dollars over time on the infrastructure required to develop and run artificial intelligence services. He just needs to figure out a way to raise that kind of money. “You …

All signs point to a slowdown of the Texas economy as job growth slows, construction declines and inflation ticks up, according to a Monday report by the Federal Reserve Bank of Dallas. The report on the Fed’s recent Texas Business …

A Texas school bus carrying more than 40 students on Wednesday rolled over after veering off a rural road on the first day of class, injuring multiple students, authorities said. At least one person has life-threatening injuries, while two others …

Nedra Sims Fears still remembers the night years ago when her family home in Chicago flooded, sparking an electrical fire. Her father woke her up and rushed her outside into the pouring rain as smoke filled the rooms of their …

The governor of New Mexico declared a state of emergency in response to violent crime and drug trafficking across a swath of northern New Mexico, including two Native American pueblo communities. The emergency declaration by Gov. Michelle Lujan Grisham makes …

Insurance broker Aon Plc was accused in a civil lawsuit of helping cause the collapse of Vesttoo Ltd., an Israeli insurance startup once valued at $1 billion that went bankrupt after disclosing certain documents underpinning its business were falsified. A …

The Alabama Department of Insurance wants new data on how liability coverage affects insurance claims costs. In a bulletin posted Thursday, Commissioner Mark Fowler said the department has issued a data call to carriers of personal and commercial auto, personal …

Nearly a decade after the deadly 2016 floods, West Virginia officials are moving forward with a study to look at flood mitigation measures across the Kanawha River Basin. Last month, Gov. Patrick Morrisey announced that the state will work with …

Are you a “highly motivated self-starter” who wants to drive an “engineering vehicle for extended periods, conducting dynamic audio and camera data collection for testing and training” purposes? This role requires a “high level of flexibility, strong attention to detail, …

Accenture said on Thursday it will buy Australian cybersecurity firm CyberCX in its largest-ever deal in the sector, with the Australian Financial Review valuing the transaction at more than A$1 billion ($650 million). A wave of devastating cyberattacks has battered …

B.P. Marsh & Partners Plc, the specialist private equity investor, announced it is investing in a new collateralized reinsurer that aims to support growth in its long-time investee company XPT Group, the U.S. wholesale insurance broking and underwriting agency platform. …

The National Football League cannot force Minnesota Vikings defensive coordinator Brian Flores’ racial bias claims into an arbitration controlled by the league, a federal appeals court ruled on Thursday. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals …

The partial collapse of a waste dam at a Chinese state-owned copper mine in Zambia may have released 30 times more toxic sludge into the environment than previously reported, according to an independent evaluation of the disaster. At least 1.5 …