Sam Warnes, Director Marine Cargo commented, “This facility...
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Catastrophe models underestimate climate risks, find out investors
Catastrophe bonds and other insurance-linked securities, which...
Russia certifier steps in after India drops safety cover for sanctioned ships
Major insurers and ship engine makers have already withdrawn cover...
South Africa’s Ramaphosa to sign health insurance bill into law just before electio
The law aims to provide healthcare to millions of poor citizens in a major overhaul of a two-tier system, which still reflects deep racial and social inequalities three decades after the end of white minority rule. Johannesburg: South Africa's President Cyril...
Zoox, Amazon’s self-driving robotaxi unit, being probed by US after rear-end collisions
Both crashes happened during the daytime hours and the motorcyclists suffered minor injuries. In both cases, the agency confirmed that each of the Amazon vehicles was operating in autonomous mode leading up to the crashes Detroit: Zoox, Amazon's self-driving robotaxi...
EU says Booking must comply with strict tech rules, investigates X
The Commission said in March that Elon Musk's X, TikTok owner ByteDance and Booking.com may meet EU criteria subjecting them to tough tech rules as so-called gatekeepers Paris:The European Commission on Monday said it had designated Booking as a so-called "gatekeeper"...
ADB’s $1.70 mn study to develop multi-hazard early warning system for glacial lake outburst floods(GLOFs) in Himalayan region
Pushpendra Johari, senior vice president, sustainability, RMSI ``There's some progress in the case of GLOF, with studies emerging and consultations sought from experts like in the case of Nepal. ADB study for Bhutan and Nepal will include climate and disaster...
Cyberattack diverts ambulances, cripples patient records at major US health system
Cybersecurity experts say ransomware attacks have increased substantially in recent years, especially in the health care sector. Increasingly, ransomware gangs steal data before activating data-scrambling malware that paralyzes networks. The threat of making stolen...
Flash floods, cold lava flow hit Sumatra, Indonesia, killing 15 people
The 2,885-metre (9,465-foot) Mount Marapi erupted late last year killing 23 climbers who were caught by a surprise weekend eruption. The volcano has stayed at the third highest of four alert levels since 2011, indicating above-normal volcanic activity under which...
First person in US to receive pig kidney dies months after transplant
Richard "Rick" Slayman had the transplant at Massachusetts General Hospital in March at the age of 62. Surgeons said they believed the pig kidney would last for at least two years The first recipient of a genetically modified pig kidney transplant has died nearly two...
White House wants cybersecurity standards on hospitals
The proposal may extend beyond hospitals too. The administration intends to issue a notice of proposed rulemaking in coming weeks to bring in minimum cybersecurity requirements for entities that receive money from Medicare and Medicaid, according to a US official, who...
China Construction Bank sued in U.S. over reinsurance fraud losses
The bank allowed employees to conspire with Israeli insurance startup Vesttoo Ltd. to sell reinsurance policies that weren’t real, according to a complaint filed late Thursday by the Porch Group in Manhattan federal court. Vesttoo filed for Chapter 11 bankruptcy in...
Flooding forecast to worsen in Brazil’s south, poor hit hard
Weather across South America is affected by the El Nio climate phenomenon, a naturally occurring event that periodically warms surface waters in the equatorial Pacific. In Brazil, El Nio has historically caused droughts in the north and intense rainfall in the south,...