Compiled by our editors with an eye to the quirky and the profound ways in which risk management and insurance impact our world.
Intense snowfall “that hadn’t been
recorded for decades,” coupled with
strong earthquakes, caused a massive
avalanche that buried a ski resort in
Central Italy, leaving at least 30 dead.
Scientists reported that the Earth
reached its highest temperature
on record in 2016. It is the first
time in the modern era of global
warming data that temperatures
exceeded the previous annual
record three years in a row.
According to Marsh’s 2017 political
risk report, Venezuela enters its fourth
straight year of increasing economic
and political instability. While neighboring Brazil
has faced its own share of controversy, that
country appears to be stabilizing.
Shares of Ralph
Lauren Corp. tumbled
on the news
that CEO Stefan
Larsson was leaving
the company after
reportedly clashing with company
founder Ralph Lauren on how to
revive the struggling clothes maker.
A Philadelphia jury found all defendants
liable in a building collapse that
crushed a Salvation Army Thrift
Store and killed seven people.
The Consumer Financial Protection
Bureau found that Mastercard
and Unirush failed to
adequately protect consumers
from service breakdowns
of prepaid, reloadable
Rushcards in 2015. The
two companies must pay $10 million in
restitution and a $3 million fine.
Despite doomsday accounts of a
cyber hack that takes down the
electric grid, more than 1,700 power
outages during the past five years
were caused by squirrels and birds.
Bird flu may mutate and begin infecting
humans due to the multitude of different
types of bird flu in many parts of the world.
Actor Johnny Depp, who is
said to have earned $650
million over the course of
his three-decade career,
was forced to sell a French
village he owns to help
cover his debts. He sued his
finance managers, alleging
incompetence and self-dealing.
California was hit by a series
of powerful storms in January,
resulting in flooding and mudslides
from Long Beach to Napa.
ISIS is developing a drone attack
program, according to records
discovered by a Harvard researcher
embedded with Iraqi troops.
Six people were killed
and another eight injured
when a shooter opened
fire at a mosque in
Quebec City. Canada,
long a bastion of liberal
inclusion, is seeing the
rise of extremist white
Xiao Jianhua, a Chinese
billionaire was taken from his
room at the Four Seasons in
Hong Kong by Chinese police
and whisked across the border.
He is a stakeholder in the Ping
An insurance company, one of the top 50
companies on the Shanghai Stock Exchange.
NBC News pegged it as an
impending “aporkalypse.” Bacon
reserves were reported to be at a
50-year low, leading some to fear
a nationwide shortage. Then it was determined the report was “fake
news” planted by someone in the pork industry.