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Aon and KNIAZHA VIENNA INSURANCE GROUP announce new $25M war-risk insurance facility with US’s IDFC
Greg Case, president and CEO of Aon The facility, which will...
Public-private insurance programmes must boost risk reduction to keep disasters insurable:Geneva Association
Jad Ariss, managing director of the Geneva Association, said,...
War risk insurance premium through Red Sea remained stable despite the sinking of the cargo ship
Insurance industry sources said that war risk premiums being quoted for Red Sea voyages had remained around 1% of the value of a ship for some weeks – compared with around 0.5% before the attacks started – with various discounts applied by underwriters The cost of war...
IAEA launches body composition database to combat worldwide obesity challenges
According to the World Health Organization (WHO), worldwide obesity has nearly tripled since 1975. Around 800 million adults worldwide are living with obesity and the number of children living with obesity is expected to reach 250 million by 2030 Obesity is now rising...
Malaysia may renew search for lost MH370 decade after it vanished
MH370 vanished on March 8, 2014, on its way to Beijing from Kuala Lumpur with 239 people on board. Investigators concluded the plane deliberately left its planned flightpath, looped back over Malaysia and headed out to sea Malaysian authorities are considering...
UN chief appeals for greater support for small islands fighting climate change
“We must have stronger support from the international community - what we call climate justice - which means adequate financing at low cost, quickly decided, in order to allow for all these works that we have been seeing to protect the island against the sea, and...
Strong GDP growth, weak monsoon drove up India’s energy-related carbon emissions in 2023: IEA
''In India, strong GDP growth drove up emissions by around 190 Mt. But a weak monsoon increased demand for electricity and cut hydro production, contributing around one-quarter of the increase in its total emissions in 2023. Per capita emissions in India remain far...
Only grain ships from Black Sea and for Iran still crossing Red Sea
“Just about all (dry bulk grain) vessels going from the Americas and western Europe are avoiding the Red Sea, the only exception is vessels going to Iran, they’re still taking the Red Sea route when shorter.All vessels we are tracking going from the Black Sea to Asia...
32 European major media groups sue Google for $2.3 bln
“The media companies involved have incurred losses due to a less competitive market, which is a direct result of Google’s misconduct,” a statement issued by their lawyers Geradin Partners and Stek said BRUSSELS: Alphabet’s Google was hit with a 2.1-billion-euro ($2.3...
European reinsurers’ renewals indicate peaking underwriting margins: Fitch
``We expect strong underwriting profitability to continue supporting the reinsurers’ ratings this year, with price levels and favourable terms and conditions adequately compensating for high claims inflation. Investment income will continue to bolster earnings as...
Meta targeted in privacy complaints by EU consumer groups
"Surveillance-based business models pose all kinds of problems under the GDPR and it's time for data protection authorities to stop Meta's unfair data processing and its infringing of people's fundamental rights," Ursula Pachl, deputy director general of the European...
US says to investigate national security data risks from Chinese vehicles
"China's policies could flood our market with its vehicles, posing risks to our national security," President Joe Biden said in a statement. "I'm not going to let that happen on my watch." The Commerce Department will seek comments for 60 days on the potential risks...