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Almost All of World’s Children Exposed to Climate Hazards, UN Agency Says Almost all of the world’s children are exposed to at least one climate hazard, with as many as 1.8 billion put in danger by droughts and 1.2 billion by extreme heat, the United Nations Children’s Fund (UNICEF) said in a …
POSTED JUNE 16, 2026 2:08 PM |
Ship Owner Seeks Dismissal of All Economic Loss Claims From Baltimore Bridge Collapse The city of Baltimore and about 11 private entities including dockworkers and small businesses should not be allowed to collect for any economic losses from the collapse of Baltimore’s Key Bridge in 2024, the owner and manager of the Dali …
POSTED JUNE 16, 2026 2:01 PM |
Allianz Is Said to Lead Bidding for HSBC Life Singapore Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, people familiar with the matter said. The German insurer is the likeliest buyer for HSBC Life Singapore Pte after outbidding other industry players, according to …
POSTED JUNE 16, 2026 1:40 PM |
Fertilizer Ships Face Long Backlog Even if Hormuz Reopens An interim US-Iran deal to end their months-long war and potentially fully reopen the Strait of Hormuz is unlikely to immediately ease fertilizer flows as shipowners wait for more details to assess the safety of transits. A vital conduit for …
POSTED JUNE 16, 2026 1:28 PM |
Danone US Sues Chobani Over High-Protein Yogurt Labeling Claims The battle between high-protein yogurts has entered the courtroom. Danone SA’s US subsidiary sued Chobani in US court on Monday, alleging that Chobani is improperly marketing how much protein is in a serving of its yogurt. The lawsuit, filed in …
POSTED JUNE 16, 2026 12:49 PM |
Update: US-Iran Deal Promises End to War but How it Will Work Remains Unclear Doubts swirled around the U.S.-Iran interim deal to end the war in the Middle East as shippers said it could take weeks for confidence to return after any reopening of the Strait of Hormuz, and fundamental questions remained unanswered. U.S. …
POSTED JUNE 16, 2026 7:12 AM |
Ukraine Aims to Align Banks, Insurers With EU Rules by 2028, Central Banker Says Ukraine is accelerating reforms to align its banking and insurance sectors with EU standards by 2028 despite wartime challenges, to buttress investor confidence and deepen economic integration with Europe, its central bank governor said. The European Union launched formal talks …
POSTED JUNE 16, 2026 6:02 AM |
Making Decisions Under Pressure in Complex Risk Environments Insurance leaders say today’s risk environment is creating challenges that are more difficult to predict than ever before. This is leading insurers to rethink how they assess risk and make the right decisions without sacrificing speed and efficiency. “Risk is …
POSTED JUNE 16, 2026 5:16 AM |
People Moves: Gallagher Appoints Practice Leaders for Casualty, Fine Arts, Data Centers Gallagher is expanding its US retail brokerage capabilities with the appointment of three new practice leaders. Evan Hessel, managing director, casualty, joined Gallagher as part of the Woodruff Sawyer acquisition in 2025. He has extensive experience in developing risk financing …
POSTED JUNE 16, 2026 5:16 AM |
Microsoft Sued by Shareholders Over Expenses, Cloud Business, AI Microsoft has been sued by shareholders who accused the company of defrauding them and inflating its stock price by failing to disclose slowing growth in its Azure cloud business and the need to spend billions of dollars on AI infrastructure. …
POSTED JUNE 16, 2026 5:07 AM |
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