Prudential and Wilton Re Finalize $11 Billion Reinsurance Deal to Boost Growth
December 21, 2024
Prudential seals an $11 billion reinsurance deal with Wilton Re, boosting financial flexibility and risk management in its guaranteed universal life insurance segment.
Rhode Island Social Services Hit by Ransomware, Residents’ Data Compromised
December 17, 2024
Rhode Island’s social services system faces a cyberattack, risking residents’ personal data, as officials negotiate a ransom while offering credit monitoring support.
Italy Mandates Disaster Insurance for Businesses Amid Rising Climate Risks
December 16, 2024
Starting April, Italian businesses must secure natural disaster insurance, raising concerns over costs while aiming to reduce reliance on state aid amidst climate risks.
Balancing the Environmental Risks of Lithium-Ion Batteries in the U.K. Rail Industry
December 16, 2024
As the U.K. rail industry embraces lithium-ion batteries for greener transport, it faces significant fire safety and environmental contamination risks.
New York Declares State of Emergency Amid Heavy Snow and High Winds
December 16, 2024
New York has issued a state of emergency as severe lake effect snowfall of up to three feet and high winds threaten travel and power stability across multiple regions.
Ryan Specialty Integrates Paradiso Risks to Enhance Alive Risk’s Contingency Offerings
December 16, 2024
Ryan Specialty integrates Paradiso Risks into Alive Risk to enhance contingency insurance offerings for sports, entertainment, and live events.