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Climate change supercharge devastating South Asian floods
A trio of tropical cyclones battered the region from Sri Lanka to...
Swiss Re and RIQ partner to advance risk transfer powered by data and AI
Swiss Re's Group Chief Executive Officer Andreas Berger said,"This...
Allianz sells US mid-size corporate insurance unit to Arch Capital
The transaction is part of Allianz's new strategy to focus on large corporate and specialty businesses in the U.S. instead BERLIN: Allianz agreed to sell Fireman's Fund, its U.S. insurance unit for mid-sized corporations and entertainment industry clients, to...
High premiums the latest thing weighing on China’s EV market
According to S&P Global Ratings, that means the premiums for electric cars can range from 20% higher to double fuel-powered vehicles. In China, most people providing online car-hailing services also drive EVs, which is another risk factor insurers are looking at,...
Trump’s bond firm must show proof of resources, NY Says
Trump, the presumptive Republican nominee for the November presidential election, arranged the bond on Monday through an obscure insurance company run by one of his billionaire supporters, Don Hankey. But James, a Democrat, said Hankey’s Los Angeles-based Knight...
Forecasters predict ‘extremely active’ 2024 Atlantic hurricane season
The forecasts are closely monitored by coastal communities and energy companies. The U.S. Gulf of Mexico accounts for 15% of total U.S. crude oil production and 5% of its dry natural gas production, and nearly 50% of the nation’s oil-refining capacity resides on its...
Magnitude 4.7 earthquake hits New York City region, USGS says
The quake's epicenter was near Whitehouse Station, New Jersey, the USGS said. No damage was immediately reported A 4.7-magnitude earthquake struck the New York City region on Friday morning, according to the U.S. Geological Survey, shaking buildings and surprising...
Scientists warn of lethal bird flu pandemic, says could be ‘100 times worse’ than COVID
Around 52 per cent of humans who have contracted H5N1 since 2003 have died, according to the World Health Organization. For comparison, COVID currently kills less than 0.1% of those it infects -- though at the start of the pandemic, the fatality rate was around 20 per...
Alaska Air says Boeing paid $160 million in compensation after MAX 9 grounding
An Alaska Airlines-operated MAX 9 jet experienced a mid-air cabin panel blowout in January, which led the Federal Aviation Administration to ground 171 jets for about three weeks Washington: Alaska Air Group said on Thursday that Boeing, opens new tab had paid about...
WHO unveils digital health promoter harnessing generative AI for public health
Dr Tedros Adhanom Ghebreyesus,Director-General, WHO S.A.R.A.H., also known as Sarah, has the ability to support people in developing better understanding of risk factors for some of the leading causes of death in the world, including cancer, heart disease, lung...
AXA to run cyber risks campaign ahead of Paris Olympics
Nippon Telegraph & Telephone Corp., which provided cybersecurity services for the 2021 Olympic Games in Tokyo, reported 450 million attempted cyberattacks at the time Paris: AXA SA is planning a campaign to help prevent cyberattacks targeting France in the run-up...
Taiwan quake to hit some chip output, disrupt Asia supply chain, analysts say
The island plays an outsized role in the global chip supply chain as it is home to the world's largest chipmaker Taiwan Semiconductor Manufacturing Co , which supplies chips to Apple and Nvidia.The country also houses smaller chipmakers, including UMC , Vanguard...