The case in Japan follows similar global lawsuits in which groups...
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Munich Re and Germany’s KfW Development Bank launch a state-backed geothermal risk insurance
Geothermal power is an abundant energy source that can provide...
UK specialist re/insurance broker BMS Group strikes strategic partnership with Berns Brett India
Subject to Regulatory approval, Berns Brett India will be rebranded...
Birth rates halve in richer countries as costs weigh, OECD report says
Particularly low total fertility rates were measured in Korea, at 0.7 and Italy and Spain, each with 1.2 children per woman. The highest were in Israel on 2.9, followed by Mexico and France, each with 1.8.The average age of women giving birth rose from 28.6 in 2000 to...
Industry urges action in Red Sea to stop attacks on merchant shipping by Houthis
Insurance industry sources said on Wednesday there was also mounting concern over the use of attack drone boats by the Houthis Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen’s Houthis, leading industry groups said on...
Biden bans US sales of Kaspersky software over Russia ties
Moscow's influence over the company was found to pose a significant risk, Commerce Secretary Gina Raimondo said on a briefing call with reporters on Thursday.The software's privileged access to a computer's systems could allow it to steal sensitive information from...
Japan’s space agency was hit by multiple cyberattacks, no sensitive data was taken
Chief Cabinet Secretary Yoshimasa Hayashi confirmed the attacks, stating that JAXA has been investigating the extent of the breaches, ensuring no classified data was compromised Tokyo:Japan's space agency, JAXA, has faced numerous cyberattacks since the previous year....
J&J talc users want cancer checks for women even if it cost billions
The suit is the latest salvo in the ongoing legal battle between J&J and former talc users, who allege the world’s largest maker of health-care products hid the cancer risks of its iconic baby powder for almost half a century. J&J is seeking the backing from...
World’s largest shipping register withdraws its approval for Russia’s Ingosstrakh Insurance
In practice, the Liberia’s move may well prove symbolic. There are only three vessels covered by Ingosstrakh that sail under the flag of Liberia and none of them are oil tankers, according to a vessel database maintained for the International Maritime Organization The...
Sanlam to buy majority stake in financial wing of top African media group
The deal gives Sanlam an opportunity to further expand its insurance and financial services business across Africa, the companies said. Opportunities outside South Africa will be facilitated through its SanlamAllianz business JOHANNESBURG: South African insurer Sanlam...
Singapore rushes to clean-up oil slick after boat hits stationary fuel ship
Singapore's Maritime and Port Authority said in a statement late Saturday the oil leak from the vessel had been contained, and that the oil that escaped from the damaged tanker had been treated with dispersants Singapore: An oil spill caused by a dredger boat hitting...
UK imposes sanctions on Russian insurer Ingosstrakh protecting ‘shadow fleet’ of tankers
Sanctions against Ingosstrakh are notable because it is major provider of coverage for the commercial fleet moving Russian oil, largely displacing insurers based in the UK and Europe. The company didn’t immediately respond to a request for a comment on how the...
Inflation worries continue for US Fed; No policy rate cut for seventh time
Jerome Powell, US Fed Chair "We are maintaining our restrictive stance of monetary policy in order to keep demand in line with supply and reduce inflationary pressures. I will have more to say about monetary policy after briefly reviewing economic developments," US...