Scientists are finding evidence that man-made climate change has raised the risks of individual weather events, such as floods or heatwaves, marking a big step towards pinpointing local costs and ways to adapt to freak conditions.
Firefighters in three Nebraska counties battled expanding wildfires on Wednesday and an Arkansas town of 1,300 people was evacuated because of an approaching fire, as the central part of the United States suffered through another day of stifling heat.
Firefighters in three Nebraska counties battled expanding wildfires on Wednesday and an Arkansas town of 1,300 people was evacuated because of an approaching fire, as the central part of the United States suffered through another day of stifling heat.
Some of the world's largest insurers for corporate directors and officers could be on the hook for hundreds of millions of dollars in claims over the next few years to cover legal costs for people caught up in the Libor scandal.
Some of the world's largest insurers for corporate directors and officers could be on the hook for hundreds of millions of dollars in claims over the next few years to cover legal costs for people caught up in the Libor scandal.
British insurer Lancashire said it expected to return cash to shareholders this year as it reported a 33 percent drop in its quarterly profit, blaming bigger payouts related to the Costa Concordia shipwreck and dwindling investment returns.
The pace at which investors bringing U.S. securities fraud cases are actually recovering money in settlements has fallen to the lowest since laws governing class-action litigation were overhauled in the mid-1990s.
Lloyd's of London insurer Beazley swung to a first-half profit as claims fell back to more normal levels following a sharp catastrophe-induced increase a year ago.
Lloyd's of London insurer Beazley swung to a first-half profit as claims fell back to more normal levels following a sharp catastrophe-induced increase a year ago.
The California Earthquake Authority is seeking to raise about $150 million through a sale of catastrophe bonds to help it meet potential claims, market sources said on Friday.