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Britain’s Co-op Says Retail Crime Cost it $105 Million in 2024
Britain’s Co-op Group said on Thursday that losses from shoplifting in its food retail business rose by over 14% to 80 million pounds ($105 million) in 2024, or more than half of its adjusted operating profit. The group, which trades …
POSTED APRIL 03, 2025 11:13 AM |
Trump’s DEI Purge Drives 34% Drop in Pro-ESG Investor Proposals
President Donald Trump’s crackdown on diversity, equity and inclusion helped prompt a plunge in shareholder resolutions from progressive investors that typically push companies on social reform. Motions filed by groups in favor of environmental, social and governance policies dropped 34% …
POSTED APRIL 03, 2025 11:04 AM |
Cayman Islands Builds $74 Billion Insurance Hub That Irks Apollo Global Management
The small crowd in pastel polo shirts and sunglasses boarded the catamaran for an afternoon cruise on the Caribbean’s sapphire waters. Tucked under their drinks were napkins emblazoned with a slogan akin to a pickup line: “Let’s go beyond business …
POSTED APRIL 03, 2025 10:59 AM |
Chinese Military Conducts Large-Scale Drills Around Taiwan
The Chinese military conducted large-scale drills in the waters and airspace around Taiwan on Tuesday that included an aircraft carrier battle group, as it again warned the self-ruled democracy against seeking formal independence. The exercises involved navy, air ground and …
POSTED APRIL 03, 2025 10:34 AM |
Deutsche Bank’s DWS Pays $27 Million in German Greenwashing Case
Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with US regulators in 2023. DWS gave a false …
POSTED APRIL 03, 2025 10:21 AM |
Severe Storms Batter Greek Islands, With Crete Hit Hardest
Severe storms battered islands in Greece for a second day on Tuesday [April 1], with Crete experiencing the heaviest rainfall. Authorities on Paros and Mykonos, meanwhile, worked to clear overturned cars and debris following hailstorms and torrential downpours. On Monday, …
POSTED APRIL 03, 2025 9:43 AM |
People Moves: Korte to Lead Liberty Mutual Middle Market Global Risk Solutions
Liberty Mutual Insurance, based in Boston, appointed Dieter Korte as president, middle market, Global Risk Solutions North America (GRS NA), reporting to GRS NA President Marc Orloff. “These companies have the same exposures as larger organizations but often have fewer …
POSTED APRIL 03, 2025 5:21 AM |
Future of Auto Insurance: OEM-Insurer Ties Could Boost Profits, Loyalty
The fragmented auto insurance customer experience is set for disruption, according to a new report by Deloitte. The report, “Reinventing the insurance customer experience for loyalty,” highlights how collaboration among original equipment manufacturers (OEMs), insurers and captives can drive the …
POSTED APRIL 03, 2025 5:09 AM |
MEMIC Recognizes Three NE Agencies for Service to Policyholders
Workers’ compensation specialist insurer MEMIC, based in Maine, has recognized three agencies in the Northeast for top service to policyholders. HUB International Northeast, with offices in New York City; Brown & Brown, in Dedham, Massachusetts; and USI Insurance Services in …
POSTED APRIL 03, 2025 5:05 AM |
Huge AI Data Center Planned for Pennsylvania Coal Plant Site
A huge natural gas-powered data center that will serve the growing demands of artificial intelligence is being planned for the site of a former coal-fired power plant in Pennsylvania. The 3,200-acre (1,295-hectare) data center campus, located about 50 miles east …
POSTED APRIL 03, 2025 5:02 AM |
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