The lawsuit claims Aon “ignored red flags” about letters of credit...
Category:
International News
Latest
Talks for treaty on plastic pollution end without agreement
The fifth round of negotiations on the plastics treaty (INC-5.2) in...
Swiss Re sets up task force to monitor tariff impact
Chief Executive Officer Andreas Berger said he doesn’t see the...
Countries should invest in primary health care, it can detect pandemics at an early stage: WHO chief
"So on new variants, not only EG.5, we would expect more variants. What's important is to really, you know, continue to be vigilant. Many countries are not testing enough, and we wouldn't know whether the virus is changing or not," said WHO's Director-General Tedros...
Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Insurance industry sources said rates for additional war risk premiums remained stable on Monday, although there was a possibility of a rise if a ship was damaged or sunk The cost of a Black Sea war risk premium, which is typically renewed every seven days and is in...
Tokio Marine Southeast Asia asset sale draws Japan rivals
Tokio Marine has been gauging interest in the assets, which could be valued at about US$1 billion (RM4.61 billion) Japanese financial services firms have been eyeing assets in Southeast Asia as a way to expand and diversify outside of Japan. Japanese insurers Dai-ichi...
Maui wildfire is deadliest for US in 105 yrs, with 89 killed
“This is the largest natural disaster we’ve ever experienced,” Hawaii Governor Josh Green said The death toll makes the wildfire the deadliest since 1918, when 453 people were killed in Minnesota and Wisconsin by the Cloquet & Moose Lake Fires, according to the...
Shippers warned to stay away from Iranian waters over seizure threat as US-Iran tensions high
A U.S.-backed maritime group called the International Maritime Security Construct “is notifying regional mariners of appropriate precautions to minimize the risk of seizure based on current regional tensions, which we seek to de- escalate. Vessels are being advised to...
Japan braces for another typhoon with trains and flights canceled
Toyota Motor Corp., Mitsubishi Motors Corp., Honda Motor Co. and Suzuki Motor Corp. said operations won’t be affected by the typhoon because their manufacturing plants are closed during the annual break Tokyo: Typhoons are becoming more frequent and severe, causing...
Australia’s climate risks are making home insurance unaffordable
Median home insurance premiums surged 28% to A$1,894 ($1,240) in the year to March 31, according to a report released Monday by the Actuaries Institute. Premiums in the highest-risk properties — such as those in flood or bushfire-prone areas — shot up 50%, it said...
Ships backed up in Black Sea lanes as Russia warning shots raise tensions
Firing on a merchant vessel will ratchet up already acute concerns among shipowners, insurers and commodity traders about the potential dangers of getting ensnared in the Black Sea – the main route that both Ukraine and Russia use to get their agricultural produce to...
Montana judge hands historic win to young plaintiffs in climate change case
The decision by Judge Kathy Seeley in Helena marked a major victory in the first youth-led climate case to reach trial in the U.S. and could set an important precedent for similar cases nationwide Montana is violating the rights of young people with policies that...
WTW launches Climate Vista to bridge climate skills gap in the boardroom
Christopher Au, Director, Climate and Resilience Hub, Asia Pacific at WTW, said: “Regulations and best practices across Asia Pacific are increasingly requiring Boards to demonstrate climate skills. Our insurance partners are also setting expectations for those seeking...