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Typhoon Kammuri Hits Philippines, Killing at Least 3, Shutting Manila Airport

Typhoon Kammuri barreled into the Philippines’ main island, killing at least three people, displacing half a million more and shutting its main airport. Philippine President Rodrigo Duterte canceled work in government offices in Metro Manila, while schools were closed as … Source: Insurance News

New Oklahoma Law, Workplace Shooting Fears Prompt Security Changes

3Decemberadmin

Security is not subtle at the sprawling campus of human resources technology giant Paycom in Oklahoma City. Off-duty police officers roam the grounds, bolstering the company’s own force of armed guards. A basement command center that looks like something out … Source: Insurance News

Berkshire Hathaway Specialty Insurance Offers Commercial Crime Cover in Asia Market

2Decemberadmin

Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Commercial Crime Insurance in Asia, a new policy designed to help companies address the exposures of a changing fraud landscape. BHSI’s Commercial Crime Insurance policy offers concise contract language for … Source: Insurance News

European Investors Urge Big-Four Auditors to Take Action on Climate Risks

2Decemberadmin

European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to do so could do more damage than the financial crisis. The case for … Source: Insurance News

Hong Kong Insurance Sales to Mainland Chinese Clients Drop 18% on Escalating Protests

2Decemberadmin

Insurance sales in Hong Kong to mainland Chinese customers declined in the third quarter as escalating protests halted visits to the financial hub. Their purchases of insurance and related investment policies declined 18% to HK$9.7 billion ($1.2 billion) from a … Source: Insurance News

More Storms. Less Damage. But 2019’s Slow Hurricanes Leave Sense of Foreboding.

30Novemberadmin

The Atlantic Ocean has spawned lots of storms this season while doing much less damage than prior years. But warming waters promise trouble ahead. The 2019 Atlantic hurricane season, which ends Nov. 30, has been the eighth most-active in named … Source: Insurance News

Texas Chemical Plant Fire Brought Under Control

29Novemberadmin

AUSTIN, Texas , NOV. 29 —Officials lifted evacuation orders Friday for around 50,000 people on the Texas Gulf Coast, determining a massive fire was finally under control at a chemical plant rocked by two major explosions three days earlier. “We … Source: Insurance News

Coastal Damages from Climate Change Could Cost U.K. Economy Billions by 2050: WWF

27Novemberadmin

The U.K. economy could face hits of more than 12 billion pounds ($15.4 billion) a year by 2050 from coastal damages alone if no action is taken to combat climate change, according to the WWF. The calculations — made on … Source: Insurance News

Argo Activist Shareholder Voce Renews Battle to Elect Independent Board Members

27Novemberadmin

Activist shareholder Voce Capital Management LLC is renewing its fight with the board of Argo Group International Holdings Ltd. This time, Voce is calling for a special meeting of Argo shareholders to elect five independent board members. Argo has been … Source: Insurance News

Opioid Makers, Distributors Could Face U.S. Criminal Charges

27Novemberadmin

Federal prosecutors are investigating six pharmaceutical companies for potential criminal charges in connection with shipping big quantities of opioid painkillers that contributed to a healthcare crisis, according to regulatory filings. Five companies have received subpoenas from the U.S. Attorney’s office … Source: Insurance News