Markets/Coverages: Aon Offers Carbon Capture, Storage Insurance for Energy Transition
Insurance broker Aon plc has developed a new insurance product designed for international transport and storage companies that are engaged in storing carbon dioxide for decarbonization projects across the globe. The new product is aimed at providing cover for key …
POSTED MAY 17, 2024 8:28 AM |
Ardonagh Group’s MDS Brazil to Acquire Brazilian Broker D’Or Consultoria
MDS Brazil, a subsidiary of Ardonagh-owned MDS Group and one of the country’s major brokers, announced it intends to acquire D’Or Consultoria, a health, dental, life insurance and pensions broker from Rede D’Or Sao Luiz. S.A. The transaction, which has …
POSTED MAY 17, 2024 8:10 AM |
Volkswagen Reaches $54 Million ‘Dieselgate’ Settlement With Italian Owners
Volkswagen and a group representing car owners in Italy have reached an agreement worth more than 50 million euros ($54 million) to end a legal battle over the “dieselgate” emissions scandal, they said on Wednesday. In the settlement, over 60,000 …
POSTED MAY 17, 2024 7:39 AM |
Wildfires Could Affect Over Half of Canada’s Oil Sands Output: Report
More than half of the oil sands production from Canada could be impacted if the wildfires in Alberta and British Columbia worsen, Rystad Energy said in a report on Thursday. WHY IT’S IMPORTANT Canada is one of the biggest oil …
POSTED MAY 17, 2024 6:39 AM |
Firefighters Gain Control of One Blaze Threatening Oil Sands in Alberta
Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the south that’s threatening the area’s biggest city. The fire just north of Fort McMurray, located …
POSTED MAY 17, 2024 6:11 AM |
People Moves: Marsh McLennan Agency Appoints Rappa Fine Arts and Specie Leader
Marsh McLennan Agency, headquartered in New York, appointed Anne Rappa to the newly created position of fine arts and specie leader effective May 20. Based in New York, Rappa will work with teams in the U.S. and London to deliver …
POSTED MAY 17, 2024 5:47 AM |
Auto Insurance Shopping ‘Hot,’ Consumers Switching ‘Sizzling’: LexisNexis
Shoppers in the U.S. aren’t ready to accept higher auto insurance rates, choosing to shop around for the best deal and coverage, a new report finds. U.S. consumer auto insurance shopping activity registered as “Hot” on the LexisNexis Insurance Demand …
POSTED MAY 17, 2024 5:25 AM |
Sony Music Warns Companies to Stop Training AI on Its Artists’ Content
Sony Music Group, one of the world’s biggest record labels, warned artificial intelligence companies and music streaming platforms not to use the company’s content without explicit permission. Sony Music, whose artists include Lil Nas X and Celine Dion, sent letters …
POSTED MAY 17, 2024 5:08 AM |
Greater Chance of Major Hurricane on East Coast This Year, Less in Gulf, Scientist Says
Multiple computer models from forecasting organizations across the globe have predicted a very active hurricane season starting next month, spelling trouble for Florida and much of the Eastern United States. The models aren’t wrong, said Phil Klotzbach, a senior research …
POSTED MAY 17, 2024 5:02 AM |
Washington Contractor, Grower Face $650K in Fines After Worker Dies in Apple Storage Room
Two Washington companies face a combined $650,000 in fines for violations in connection with a worker who died from asphyxiation after entering an apple storage facility where the oxygen had been removed from the air. The incident on Oct. 1, …
POSTED MAY 17, 2024 5:00 AM |