Battery power is set to gradually replace diesel-fueled generators on many U.K. train routes as the rail industry seeks to cut greenhouse gas emissions and reduce toxic pollutants. Some locomotive manufacturers are reportedly trialing lithium-ion batteries, but there are concerns …
Managing complex risks, nimble decision-making amid rapid technological advances and increasingly interconnected risks are top concerns, a recent AXA Future Risks Report outlined. The annual survey asks 3,000 experts from 50 countries and a representative sample of 20,000 individuals from …
Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover a specific loss, a survey by insurance brokerage Gallagher showed on Wednesday. Companies are …
Risks associated with nuclear energy such as the proliferation of nuclear weapons, nuclear terrorism, sabotage, coercion and military operations can all be expected to grow as countries seek to implement their new nuclear energy objectives, according to a report by …
Technology is poised to take over traditional markets and is rapidly creating new ones. For example, this trend is evidenced by the adoption of electric vehicles, demand for solar energy, and the blistering pace of generative AI adoption. Yet these …
A new USI Insurance Services report forecasts that in 2024, commercial property insurance rates “are expected to increase, but not at the same pace as seen in 2023.” “Our forecast calls for 5% to 15% rate increases for non-catastrophe property …
U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks. Data from insurance comparison website Squaremouth …
SEATTLE — The owners of a Seattle-managed crab boat have reached a settlement of more than $9 million with two survivors and the families of four crew members who died last year when the Scandies Rose went down in the …
The world’s seas are simmering, with record high temperatures spurring worry among forecasters that the global warming effect may generate a chaotic year of extreme weather ahead. Parts of the Atlantic, Pacific and Indian Oceans all hit the record books …
PG&E Corp. is trying to determine whether other jumper cables along its system may be susceptible to failure after one broke in October, minutes before the massive Kincade wildfire ignited in Northern California wine country. PG&E said it was looking …