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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 — …
POSTED DECEMBER 10, 2024 8:20 AM |
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 …
POSTED DECEMBER 10, 2024 6:02 AM |
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 …
POSTED DECEMBER 10, 2024 6:01 AM |
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 …
POSTED DECEMBER 10, 2024 6:01 AM |
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 …
POSTED DECEMBER 10, 2024 6:00 AM |
Alliant Acquires Union First in California
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 …
POSTED DECEMBER 10, 2024 6:00 AM |
How Underground Abandoned Mines Pose Danger When Land Collapses
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 …
POSTED DECEMBER 10, 2024 6:00 AM |
California Investing $100M to Build Safe Walking And Biking Routes
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, …
POSTED DECEMBER 10, 2024 6:00 AM |
10 Injured When Police Motorcycle Officer Crashed into California Parade Bystanders
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 …
POSTED DECEMBER 10, 2024 6:00 AM |
People Moves: DUAL North America Appoints Casualty Underwriting Leaders
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 …
POSTED DECEMBER 10, 2024 6:00 AM |
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