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ldoherty

WTW examines global pay trends

According to WTW’s “Pay Effectiveness & Design Survey,” businesses are increasingly updating compensation models in response to regulatory requirements, environmental, social, and governance (ESG) priorities, and changing employee expectations.

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Global climate disasters hit record $320bn – Munich Re

Weather catastrophes dominated the loss landscape, accounting for 93% of overall damages. The United States faced particularly severe impacts, with hurricanes Helene and Milton striking Florida in quick succession. Hurricane Helene inflicted $56 billion in damages, while Milton caused $38 billion in losses, with $25 billion covered by insurance.

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McGill, FortuneGuard launch Ukraine war risk reinsurance

“By harnessing the power of AI and comprehensive data sets, we have been able to take a more informed approach to presenting and underwriting risk. This approach has enabled us to deliver scalable reinsurance capacity at an accessible premium, adding critical coverage for businesses that were largely unprotected,” Steve McGill CBE, Founder and CEO of McGill and Partners, said in a press release.

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