Commercial insurance companies won’t provide coverage for ship that...
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Florida focused insurtech Slide plans to $340 million US IPO
Slide and some of its existing stakeholders are looking to raise up...
ECB embeds climate risk to its supervisory approach on bank losses
The ECB is moving faster than other central banks in treating the...
WHO develops first Air Pollution and Health Training toolkit
Air pollution is a significant global health challenge, with far-reaching consequences on both individual well-being and public health. WHO estimates that, globally, air pollution is responsible for about 7 million premature deaths per year from ischemic heart...
Wildfires cost Europe €4.1 billion as temperatures hit
The extreme weather – an increasingly frequent occurrence in our warming climate – is having a major impact on human health, ecosystems, economies, agriculture, energy and water supplies,” according to Petteri Taalas, the secretary general of the World Meteorological...
World losing race to meet climate goals, COP28 president says
While Africa is suffering from some of the most severe impacts of climate change, the continent only receives about 12% of the financing it needs to cope, according to researchers The world is losing the race to meet its climate change goals, the president of the...
S&P Global raises reinsurance sector view to stable from negative on higher prices
Analysts at S&P Global and Moody’s also told media briefings on Tuesday that they expected rates to rise further in 2024, after reinsurers took the brunt of catastrophe losses in recent years S&P Global has raised its view of the global reinsurance sector to...
Tokio Marine Kiln appoints Joe Pickford as Aviation Underwriter
This appointment follows the continued development and expansion of TMK’s business in the Asia Pacific region, where it has operated since 2007. Other recent new hires include special risks underwriter, Cindy Gunawan, and cyber underwriter, Sam Bye Singapore: Tokio...
India, Singapore defy declining global wealth trend, why?
India was one of few countries which experienced a wealth increase and along with Russia, Mexico and Brazil saw the largest wealth expansion. In terms of wealth per adult, Switzerland continues to top the list followed by the USA, Hong Kong, Australia and Denmark...
Under new Australian laws, jail, heavy fines for wage thieving employers
Under the proposed laws, the maximum criminal penalty for employers who are found to have intentionally engaged in wage theft will be increased to a 10-year imprisonment and fines worth up to 7.8 million Australian dollars ($5.03 million), or three times the amount...
Refusal to waive IP rights for COVID-19 vaccines violates human rights: UN Experts
Quoting the latest data from the UN World Health Organization (WHO), the Committee pointed out that while some 32 per cent of the global population have received at least one COVID-19 booster, in developing countries such as Gabon, Papua New Guinea, Burundi and...
Hong Kong to be hit super typhoon Saola, biggest typhoon in 3 yrs
“This can be a very destructive typhoon,” the chief secretary said Thursday, flanked by heads of various government departments. “We hope to minimize the damage.” Hong Kong was starting to feel the impact of Super Typhoon Saola as winds reached hurricane force and...
Insight: Coal miners forced to save for a rainy day by insurance snub
Dozens of insurers have announced restrictions on their cover for the coal industry, particularly for new projects, in response to pressure from shareholders, governments and environmental groups who want to limit coal’s contribution to global warming. This follows...