AGP Executive Report
Last update: 9 hours agoAir Quality Crackdown: Pennsylvania’s DEP fined Shell $15m over air permit breaches at its Monaca, Pa. ethane cracker, citing repeated visible emissions, benzene exceedances, missed testing, and nitrogen oxides above limits, with half the penalty earmarked for local environmental and community projects. Climate & Catastrophe Costs: Swiss Re warned that insured natural catastrophe losses could rise 5–7% annually, with wildfires the fastest-growing weather risk in Europe (up 8–11% a year), and worst-case insured losses potentially around $320bn this year. Heat as a Claims Driver: Munich Re said non-peak perils are increasingly economic risks, highlighting heatwaves’ growing toll on lives, infrastructure, supply chains, agriculture, and healthcare. Reinsurance Market Pressure: S&P flagged a widening protection gap as third-party capital hits $140bn, while AM Best warned broker facilities can be a “net credit negative” risk due to reduced underwriting control. Biodiversity Under Threat: Nigeria’s vulture crisis drew urgent calls to stop illegal killing and trafficking; NCF says four species are Critically Endangered and the hooded vulture has fallen ~95% since the early 2000s. Marine Life Incident: Team Malizia reported a North Atlantic foil-ram issue likely caused by a small marine mammal or large fish, with the crew safe and repairs secured to keep racing.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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