Although the pandemic dominates the world’s attention, climate risk is simmering in the background, with more than 3 in 4 (77%) CEOs and CFOs of the largest companies in the world admitting their firms are not fully prepared for the adverse financial impact of a changing climate.
Fitch has affirmed FM Global’s ‘AA’ (Very Strong) financial strength rating with a “Stable” outlook, following an analysis to gauge how resilient insurers’ balance sheets are to weathering the coronavirus pandemic.
As distracted corporate executives close offices, plants and warehouses to reduce COVID-19 spread, other worrisome risks are emerging at these now-idle facilities, warns FM Global, one of the world’s largest commercial property insurers.
NEW YORK, N.Y., USA—Spencer Educational Foundation (Spencer) has received a US$650,000 gift from FM Global, one of the world’s largest commercial property insurers. It is the largest contribution the organization has received in its 41-year...