All of Jamaica’s financial defenses — insurance, bonds and credit lines — could be deployed to recover from Hurricane Melissa. Will it be enough?
Tag: Insurance
Climate Activists in New York Protest Citibank and Other Backers of Big Oil
Amid soaring temperatures, hundreds of activists are staging boisterous blockades and solemn marches at banks and insurers that support fossil fuel projects.
Three Ideas to Beat the Heat, and the People Who Made Them Happen
As temperatures soar around the world, practical experiments are emerging to protect people.
The Wildfires Are Still Burning, but the Economic Toll Is Becoming Clearer
Little economic support is available to evacuees now out of work, insurance disputes loom and economic growth may be eroded.
Russia Fires Warning Shots and Boards a Freighter in the Black Sea
Russia’s military made good on its threats to enforce its blockade of Ukraine, adding to the tensions in an increasingly active theater of war.
State Farm Stops Offering Insurance in California
The largest insurer in California said it would stop offering new coverage. It’s part of a broader trend of companies pulling back from dangerous areas.
How the ‘Price Cap’ on Russian Oil Works
The plan to curb Moscow’s oil revenues relies heavily on European shipping and insurance companies, but experts point to major loopholes.
New Measure of Climate’s Toll: Disasters Are Now Common Across US
A new report found that 90 percent of all counties nationwide have suffered a major disaster since 2011.
E.U. Negotiators Strike Deal on Russian Oil Price Cap
The cap, championed by the United States, would deprive the Kremlin of tens of billions of dollars annually. Experts warn that implementation will be difficult.
Biden Administration’s Bid to Cap Russia Oil Prices Faces Resistance
The maritime insurance industry says policing oil transactions is not workable, raising questions about enforcement of a buyers’ cartel.