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Lloyd’s investigates its former CEO John Neal
John Neal,former chief executive officer,Lloyd's Lloyd’s Chairman...
India among 7 countries expected to add over 500 million city residents between 2025 and 2050: UN
Despite the global shift towards city life, towns remain (in 2025)...
California lawmakers pass AI safety bill
The bill requires developers of large "frontier" AI models to take precautions such as pre-deployment testing, simulating hacker attacks, installing cyber security safeguards, and providing protection for whistleblowers At least 40 states have introduced bills this...
Japan issues emergency warning as powerful Typhoon Shanshan nears
The meteorological agency issued an emergency warning saying the typhoon could bring flooding, landslides and wind strong enough to knock down some houses Southwestern Japan braced on Wednesday for what officials say could be one of the strongest storms to ever hit...
Red Sea insurance nearly doubles after attacked oil tanker appears to leak oil
Insurance industry sources said on Wednesday additional war risk premiums, paid when vessels sail through the Red Sea, were quoted up to 0.75% of the vessel from 0.4% before the attack, although they were higher at 1% in February according to industry assessements of...
New mpox strain is changing fast; African scientists are ‘working blind’ to respond
A new strain of the virus, known as clade Ib, has the world’s attention again after the WHO declared a new health emergency. The strain is a mutated version of clade I, a form of mpox spread by contact with infected animals that has been endemic in Congo for decades...
WHO launches global strategic preparedness & response plan to contain Mpox outbreak
The plan aims to curtail “human-to-human transmission of mpox through coordinated global, regional, and national efforts”.The plan spans the six-month starting September 2024-February 2025, and envisions a $135 million funding, the WHO said. Outside of Africa, Clade...
Peak Re appoints Swiss Re’s Peter Hämmerli as Head of Business Operations
“His deep expertise and dedication to excellence make him a perfect addition to our team as we work to strengthen our operations and provide exceptional value to our clients,” said Franz-Josef Hahn, CEO of Peak Re Zurich: Peak Reinsurance Company, a Hong Kong- based...
Australians can now ignore after-hours work calls and emails under new legislation
Under the laws, that came into effect on Monday,employers face fines of up to A$93,000 ($63,000) for getting in touch with an employee for non-essential reasons outside of working hours Australians can now legally ignore unreasonable after-hours work calls and emails...
US Fed Chair Powell says ‘time has come’ for policy adjustment, hints at rate cut
US Federal Reserve Chair Jerome Powell Speculation has abounded over the possibility of a rate cut at the rate-setting Federal Open Market Committee (FOMC) meeting slated for Sept. 17-18. After last month's FOMC meeting, Powell said a rate cut could be "on the table"...
OMAC is hull insurance carrier for sunken yacht in Sicily
The global yacht insurance market has faced significant challenges in recent years, largely due to natural disasters like Hurricane Maria in 2017 and Hurricane Ian in 2022, which devastated numerous charter bases and hundreds of yachts Yacht insurance provider OMAC is...
APAC: Climate change response held back by insufficient data
“The deadly heat waves and catastrophic floods we’ve seen in recent months show us what’s at stake. We need high-quality data and robust statistical capacity to avoid policy blind spots and make sure our strategies for tackling the climate crisis are well-informed....