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Russia-linked hackers give British Airways and the BBC a week to open ransom negotiations

by AIP Online Bureau | Jun 11, 2023 | International News, Non-Life, Reinsurance

The hacker group, known as Clop, said companies that use the secure file transfer product MOVEit from Progress Software Corp. should email it before June 14 or else it would publish stolen data, according to a statement on the gang’s darkweb page A Russian-speaking...

UK Eyes War-Risk Insurance Scheme for Ukraine’s reconstruction

by AIP Online Bureau | Jun 11, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Workplace/Employee Benefits

The danger of war damage, as well as longer-term political and economic instability, have seen the costs of insuring investments in Ukraine shoot up, often pricing out both investors and private insurers. Ukrainian President Volodymyr Zelenskiy has called on allies to...

California insurers’ inability to price risk is causing headaches

by AIP Online Bureau | Jun 11, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation, Reinsurance, Risk Management

State regulations ask wildfire insurers to set rates for annual catastrophic coverage as a fraction of damages accrued over 20 years — without mention of models that can capture the accelerated rate of land use change and development, weather and wind trends or the...

Many newborns dying due to loss of efficacy of antibiotics against sepsis: Study

by AIP Online Bureau | Jun 10, 2023 | Facts, Health, Risk Management

Sepsis is a life-threatening bloodstream infection which affects up to 3 million babies a year globally. Every year, 214,000 newborn babies, mostly in low- and middle-income countries (LMICs), die of sepsis that has become resistant to antibiotics Newborn babies are...

Adding genomic info to blood biomarkers yields cost-effective results for chronic disease prevention: Study

by AIP Online Bureau | Jun 10, 2023 | Eco/Invest/Demography, Facts, Health, Technology

“We found that in all the diseases, both genetics and biomarkers could provide useful information about disease risk, even ten years into the future. And the blood biomarkers provided better prediction in nearly all cases – for example, the 10 per cent of...
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