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Europe Seen Spending More Than $500 Billion to Adapt to Climate Change
Europe is expected to spend €500 billion ($571 billion) on climate resilience measures through 2035, according to a fresh analysis by Bloomberg Intelligence. The figure, which comprises money spent on rebuilding after extreme weather shocks as well as defenses against …
POSTED SEPTEMBER 23, 2026 12:54 PM |
NY Fed’s Perli Says Monetary Policy Toolkit Working Very Well
The Federal Reserve’s monetary policy control toolkit continues to be very effective, Roberto Perli, a New York Fed official responsible for implementing short-term interest rate policy for the central bank, said on Tuesday. “We have maintained very strong interest rate …
POSTED SEPTEMBER 23, 2026 12:45 PM |
Hurricane Polo Becomes One of 2026’s Strongest Storms Off Mexico
Hurricane Polo has become one of the world’s strongest storms this year as it threatens to lash Mexico’s Pacific Coast with heavy rain and winds. Polo’s top winds reached 180 miles (290 kilometers) per hour, making it a Category 5 …
POSTED SEPTEMBER 23, 2026 10:11 AM |
People Moves: Brown & Riding Adds Williamson to Casualty Practice
Brown & Riding has added Jarrod Williamson to its national casualty practice. With 14 years of experience, Williamson focuses on large, complex casualty risks, specializing in real estate, construction, and hospitality. He began his career working as a retail broker …
POSTED SEPTEMBER 23, 2026 9:00 AM |
People Moves: Reath Named Marsh Risk US Real Estate, Hospitality Practice Head; Sternadori to Lead AXIS US Excess Casualty, Flaherty CUO Wholesale Casualty
Marsh Appoints Reath US Real Estate & Hospitality Practice Leader, Marsh Risk Marsh, headquartered in New York City, appointed of Alexander Reath as U.S. real estate and hospitality practice leader, Marsh Risk. Based in Boston, Massachusetts, Reath reports to Darren …
POSTED SEPTEMBER 23, 2026 5:42 AM |
Banks Warn AI Shopping Bots Raise Scam, Fraud and Data-Privacy Risks
Using AI agents for online shopping could increase the risk of scams, fraud and data-privacy breaches, banks including NatWest and Bank of America said on Sept. 22, as they set out principles for developing the technology. Technology companies including OpenAI, …
POSTED SEPTEMBER 23, 2026 5:16 AM |
Ex-DOJ Official Sees More False Claims Act Cases Getting Tossed
The US Justice Department has encouraged prosecutors to dismiss more lawsuits against companies brought by whistleblowers, and the former top deputy for the agency’s civil division expects the trend to continue. The approach would follow recent revisions to the Justice …
POSTED SEPTEMBER 23, 2026 5:08 AM |
Viewpoint: Surplus Lines Insurers Offer Vital Cover for Growing Tech-Driven Industries
As technological advancements become more ingrained in the development of entirely new industries and change the nature of existing industries, accessing needed coverage for complex risks through surplus lines carriers will become more of the path to success. The development …
POSTED SEPTEMBER 23, 2026 5:05 AM |
NC Insurance Agent Charged With Taking Out Life Policy on Elderly Without Consent
A North Carolina insurance agent was charged this week with exploiting an elderly person by stealing identify information and taking out a life insurance policy without the woman’s knowledge. Tony Lee Gunter, 29, of Spruce Pine, also earned $257 in …
POSTED SEPTEMBER 23, 2026 5:02 AM |
Claims Against NYC Rental Buildings Nearly Doubled Since 2021: Milford Street
Legal filings against residential rental properties in New York City grew substantially between 2021 and 2023 and then remained constant at that elevated level, according to research from Milford Street Captive Insurance. The analysis conducted by LegalClaimsAI and the NYU …
POSTED SEPTEMBER 23, 2026 5:00 AM |
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