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Developer Downplays Structural Concerns at ‘Unstable’ Midtown Manhattan Tower
The structural concerns that led New York City officials to shut down a Midtown Manhattan high-rise and evacuate surrounding buildings are “very small,” said Nathan Berman, the chief executive officer of Metro Loft, which is leading the project to convert …
POSTED JULY 08, 2026 11:02 AM |
NYC Is Racing to Secure Unstable Midtown Manhattan Building
New York City officials were racing to stabilize a high-rise building in the heart of Manhattan after cracks developed in multiple columns and floors began to sag, leading to the evacuation of nearby office buildings and a school during the …
POSTED JULY 08, 2026 11:01 AM |
London Moves to Expand Influence in $140 Billion ILS Market
The world’s biggest hub for commercial and specialty risk is angling for a much more prominent role in the $140 billion global market for insurance-linked securities. Issuance of ILS products, currently dominated by Bermuda, is witnessing a stunning surge in …
POSTED JULY 08, 2026 10:26 AM |
Private Equity Turns to Heat Detectives as Climate Risks Intensify
Erratic weather is forcing private equity investors to scrutinize a new source of financial risk — whether assets in their portfolios can withstand a changing climate. For decades, investment models at the world’s largest funds relied on assumptions of a …
POSTED JULY 08, 2026 9:58 AM |
Allstate Sued by Oklahoma for Alleged Scheme to Underpay Claims
Oklahoma’s attorney general sued Allstate Corp., alleging the insurer schemed to minimize payouts to homeowners for wind and hailstorm damage in order to boost its profits. The state’s top lawyer, Gentner Drummond, alleges that Allstate implemented an internal program to …
POSTED JULY 08, 2026 7:00 AM |
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