International News

US Jury finds Roundup Weed Killer causes Cancer

Health, Risk Management       Mar 20, 2019

  A U.S. jury on Tuesday found Bayer AG’s glyphosate-based Roundup weed killer caused cancer, a blow to the company eight months after another jury issued a $289 million verdict over similar claims in a different case.   Tuesday’s unanimous jury decision in San Francisco federal court,...

Facing bias claims, Facebook to revamp Its platform for Housing, Jobs, Credit Ads

Risk Management       Mar 20, 2019

  Facebook Inc has agreed to change its paid advertising platform as part of a wide-ranging settlement to prevent discriminatory and “harmful” practices, the company and U.S. civil rights groups said on Tuesday.   Under the agreement, Facebook will create a new advertising portal for ads linked...

TB: world’s top infectious disease killer

Health       Mar 20, 2019

Geneva:   WHO has issued new guidance to improve treatment of multidrug resistant TB (MDR-TB). WHO is recommending shifting to fully oral regimens to treat people with MDR-TB. This new treatment course is more effective and is less likely to provoke adverse side effects. WHO recommends...

WHO panel for strong international governance on human genome editing

  Geneva: The World Health Organization’s new advisory committee on developing global standards for governance and oversight of human genome editing has agreed to work towards a strong international governance framework in this area.   “Gene editing holds incredible promise for health, but it also poses some...

Microsoft Corp. co-founder Bill Gates

Bill Gates joins Jeff Bezos in $100 bn club

Wealth Management       Mar 20, 2019

Bloomberg tracks the fortunes of some 2,800 billionaires. Of those, 145 are worth at least $10 billion, making them decabillionaires. Now, the world contains two centibillionaires simultaneously.   Microsoft Corp. co-founder Bill Gates, once the world’s richest person, has again eclipsed the $100 billion threshold, joining...

 New appointments within SCOR Global P&C underscore the group’s deep talent pool

Reinsurance       Mar 20, 2019

  Paris: SCOR Global P&C, with effective April 1, has announced a set of top level changes its global reinsurance operations.   Michel Blanc is promoted to CEO of Reinsurance, following Jean-Paul Conoscente’s appointment as CEO of SCOR Global P&C with effect from April 1, 20191. Michel...

Health Protection Gaps in EMs:an opportunity for health insurers to serve the most vulnerable

Health       Mar 19, 2019

  Zurich: People in emerging markets have great difficulty funding their healthcare needs, as overall expenditure in healthcare is growing faster than gross domestic product, according to a research report published by The Geneva Association, the leading international think tank of the insurance industry.  The share...

Insurers waive terrorism exclusions for Christchurch shooting victims

Non-Life, Reinsurance       Mar 20, 2019

  Christchurch:   For damage caused in the Christchurch shootings, local insurers are waiving the terrorism exclusions in their house, car, contents and commercial building policies    According to the media reports, `AA Insurance says it will also review whether to remove the terrorism exclusion clauses from its...

Bengaluru, Chennai, Delhi among world's cheapest cities to live in: Report

Eco/Invest/Demography, Health       Mar 19, 2019

Move over Singapore — the world's most expensive city has two new rivals.   After topping the Economist Intelligence Unit's Worldwide Cost of Living Survey for five years, Asia's Lion City has been joined by Paris and Hong Kong in a tie at the top of...