AXA sued at London's High Court in 2021 over losses related to over...
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Russian plane with nearly 50 aboard crash, 48 killed
The plane, whose tail number showed it was built in 1976, was...
UN’s top court says failing to protect planet from climate change could violate international law
The case is led by the Pacific island nation of Vanuatu and backed...
Infrastructure faces $600 billion hit in worst-case climate shift – study
The researchers describe this worst-case scenario in terms of governments moving late, or unexpectedly, to impose taxes on carbon emissions. Those abrupt moves would drive an inflation-fueling price shock that would see interest rates rise, impacting the net-asset...
Google’s court loss to Epic Games may cost billions but final outcome years away
Epic Games will now have a chance to submit a court filing on how it wants Google’s Play Store to be fixed — potentially putting at risk what Wells Fargo estimates is $10 billion in annual revenue from app sales and in-app purchases for the tech giant Google’s...
Reinsurer Scor made aware of attempted fraud
“Scor urges you to be extremely vigilant and not to respond without prior verification to any payment request made by email, telephone or social networks. The aim of these fraudsters is to improperly collect personal data or to solicit a bank transfer or electronic...
T-shirt weather in December is a sign of what winter has in store
“Due to this year’s El Niño being quite strong, its influence should be apparent,” commercial forecasting firm NatGasWeather said in a note to clients this week. With temperatures worldwide smashing records earlier in 2023, “this exceptionally warm global background...
Korea sees risks to financial firms from overseas property
The message comes after the country’s pension funds, insurance companies and asset managers plowed billions of dollars into properties and risky real estate loans across the globe in the run up to the pandemic, leaving them under scrutiny as losses start to pile up....
China offers insurance to rubber producers to encourage planting, output
The scheme for producers in Hainan and Yunnan provinces, the main rubber producing regions, will stabilize producers’ income and increase planting acreage to boost the country’s rubber production, according to a joint statement by the finance ministry, agriculture...
Global healthcare benefit cost increases projected to largely continue into 2024, WTW survey finds
“The high cost of new medical technologies is a key reason for the persistently high trend. Furthermore, in some regions, ongoing geopolitical conflicts and resulting displaced populations have negatively affected medical costs due to an increased need for care and...
Google’s Epic legal defeat threatens $200 billion app store industry
The loss — handed down by a San Francisco jury on Monday — is a blow to the two companies’(Google and Epic Games Inc) business model in apps, where they charge commissions of as much as 30 per cent to software developers who typically have few other options. Google’s...
GIC reaches agreement to buyout Cinven’s stake in Miller
``This further investment in Miller is consistent with GIC’s strategy of developing long-term relationships with our portfolio companies and targeting the highest quality businesses. The defensive nature and strong market dynamics of the (re)insurance market, coupled...
WTW appoints new Corporate Risk & Broking Southeast Asia and Singapore leaders
``From these regions, we see increased awareness of risk and strong demand from companies for more sophisticated risk transfer solutions, driven by data insights and created with specialty expertise'' Singapore: WTW, a leading global advisory, broking and solutions...