Executives have struggled with fluctuating tariffs in the...
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World’s first impact bond on weather and climate data opens for contributions
“This Impact Bond will increase internationally shared data...
Performance Reviews by AI: What Could Go Wrong?
Bringing AI into annual assessments can save managers time, and...
After attacking Ukraine wheat exports, Russia faces own shipping challenge
Insurance for ships heading to Russia’s Black Sea ports currently costs tens of thousands of dollars in additional premiums daily, the three sources said, with rates ticking higher following Russia’s attacks on Ukraine’s other waterways through the Danube in recent...
WHO classifies EG.5 as COVID-19 ‘variant of interest’
"We don't detect a change in severity of EG.5 compared to other sublineages of Omicron that have been in circulation since late 2021.Collectively, available evidence does not suggest that EG.5 has additional public health risks relative to the other currently...
Severe thunderstorms account for up to 70% of all insured natural catastrophe losses in 1H2023, Swiss Re
Severe convective storms – storms associated with thunder, lightning, heavy rain, hail, strong winds and sudden temperature changes – caused USD 35 billion (nearly 70%) in insured losses worldwide in the first half of 2023. This means that insured losses are almost...
US insurers invested in fossil fuels as climate risks to underwriting mount -report
A data sample comprising 77% of U.S. insurers showed they held fossil fuel-related assets worth $536 billion in 2019, and patterns are unlikely to have changed dramatically since then, according to sustainability consultancy ERM, investor advocacy group Ceres and...
Meta Platforms seeks to stop privacy breach fine in Norway -court filing
The regulator has said Meta cannot harvest user data in Norway, such as users' physical locations, and use it to target advertising at them, called behavioural advertising, a business model common to Big Tech. Meta Platforms will be fined 1 million crowns ($97,700)...
Heatwaves and high temperatures threatening young lives in South Asia: UNICEF
UNICEF estimates that 76 per cent of children under 18 in the region - 460 million - are exposed to extreme high temperatures where 83 or more days in a year exceed 35° Celsius UN News: Three-quarters of children in South Asia are already exposed to extreme high...
Ukraine’s drone attack yet to jolt insurance for Black Sea oil carriers
As of Monday, the extra insurance premium ships pay when entering risky areas was stable compared with levels prior to the weekend attack, according to two people familiar with the market. The figure is closely watched by traders and shipowners alike for whether it...
Britain to create new regime to deal with insurance failures
In Britain, insurance company collapses currently come under modified UK company insolvency arrangements, which the finance ministry said may be less effective for an industry with 2.7 trillion pounds ($3.45 trillion) in assets London: Britain said on Wednesday it...
El Niño could have a significant impact on renewable energy production, WTW report
``Developers must carefully plan and factor the various worst-case scenarios into their risk model to ensure new projects are commercially viable going forward. There are also innovative insurance tools available such as parametric solutions that can provide revenue...
Musk’s X to pay legal bills of people ‘unfairly treated’ for posting on platform
"And we won't just sue, it will be extremely loud and we will go after the boards of directors of the companies too," Elon Musk said later in response to a post about nothing changing behavior in the U.S. faster than a threat of legal action Elon Musk has said his X...