International News

IAG exits most of its Asian businesses

Non Life-News       Jun 19, 2018

  SYDNEY:  Insurance Australia Group (IAG). Australia's largest insurer,  is selling out of its most of the Asian business including  Thailand, Indonesia and Vietnam following a strategic review of the region.   The company today announced the $525 million sale to Tokio Marine & Nichido Fire Insurance...

China, Britain seek deeper insurance cooperation under Belt and Road Initiative

Non Life-News       Jun 19, 2018

  LONDON:  Chinese and British companies anticipate more cooperation in insurance to forestall risks as both sides are set to deepen coordination in projects under the Belt and Road Initiative (BRI), speakers told a high-profile Sino-UK BRI insurance cooperation forum held Monday in London.   London, as...

Harvey Weinstein Wants Jury to Rule on Sex-Assault Insurance

Non Life-News       Jun 19, 2018

  Harvey Weinstein wants jurors to decide whether Chubb Ltd. and other insurers are acting in “bad faith” by refusing to pay to defend him against almost a dozenlawsuits accusing him of assaulting or sexually harassing women over four decades. Weinstein’s lawyers said in court filings...

London, other cities call for new petrol and diesel car ban to start earlier

Non Life-News       Jun 18, 2018

  LONDON: London Mayor Sadiq Khan and other city leaders from across Britain said on Monday a government plan to ban the sale of new diesel and petrol cars should be brought forward by 10 years to 2030, in the latest push to improve air quality.  ...

Tesla-loving nation now wants to be a pioneer in electric planes

Non Life-News       Jun 18, 2018

  Home to some of the busiest flight routes in Europe, whisking passengers across a rugged and mountainous landscape, Norway’s aviation industry now readies to go electric. Norway is one of Tesla’s biggest markets, with about 8,500 cars sold last year. Now, the country whose tourism...

Gaming addiction classified as disorder by WHO

Health       Jun 18, 2018

  London: Gaming addiction is to be listed as a mental health condition for the first time by the World Health Organisation(WHO).   The W.H,O's  11th International Classification of Diseases (ICD) will include the condition "gaming disorder".The last version of the ICD was completed in 1992, with...

Global Warming Likely to Exceed Paris Agreement Cap of 1.5°C by 2040: UN

Climate Change       Jun 15, 2018

  Global warming is on course to exceed the most stringent goal set in the Paris agreement by around 2040, threatening economic growth, according to a draft report that is the U.N.’s starkest warning yet of the risks of climate change.   Governments can still cap temperatures...

Millionaires now control half of the world's personal wealth

Wealth Management       Jun 15, 2018

  New York: The rich are getting a lot richer and doing so a lot faster.   Personal wealth around the globe reached $201.9 trillion last year, a 12 percent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said...

Driverless cars may cut traffic jams, Not insurance premiums

Non Life-News       Jun 14, 2018

  It turns out robots need insurance too.   As driverless vehicles reduce car ownership in coming years, insurers may not face the Armageddon that had been predicted, new research shows.   “We do not expect revenues for auto insurance companies to experience a sudden decline as a...

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