More than 25 people were killed Thursday in landslides in the...
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Africa Specialty Risks launches Syndicate 2454 in South Africa
Commenting on the launch of Syndicate 2454 in South Africa, Mikir...
Heavy rainfall unleashes deadly floods across Southeast Asia
Total number of confirmed dead in Vietnam is now 91.Flooding in...
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...
US judge set to decertify Google Play class action
Decision by U.S. District Judge James Donato in San Francisco could significantly reduce damages that Google, a unit of Alphabet, might owe over the distribution of Android mobile applications Consumers claimed they would have paid less for apps and enjoyed expanded...
Burger King must face lawsuit claiming its Whoppers are too small
U.S. District Judge Roy Altman in Miami said Burger King must defend against a claim that its depiction of Whoppers on in-store menu boards mislead reasonable customers, amounting to a breach of contract A U.S. judge has rejected Burger King’s bid to dismiss a lawsuit...