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US says Ukraine, Russia agree to ensure safe navigation in Black Sea
The White House said in a statement that Washington would help...
Singapore general insurance premium rises by 6.3% to S$10.8 billion in 2024, Underwriting profit grows by 5.6% to S$642.31 million
“The general insurance sector is operating in an increasingly...
China’s COVID-19 surge raises odds of new coronavirus mutant
“China has a population that is very large and there’s limited immunity. And that seems to be the setting in which we may see an explosion of a new variant," said Dr. Stuart Campbell Ray, an infectious disease expert at Johns Hopkins University. Could the COVID-19...
Surge in Covid cases strain Chinese hospitals
Wang Guangfa, a respiratory expert from Peking University First Hospital, told the Global Times on Saturday that as the virus spread to the communities in Beijing, more elderly people and those with underlying diseases have been infected and that the capital city has...
Epic winter storm brings frigid temps, snow and floods to US; over 200 million people affected
While it’s packing plenty of snow and frigid temperatures, the storm is mostly noteworthy for its size and speed. Snow, blizzard, freezes and flood warnings and advisories stretch across central and eastern US, its northern fringe and the Deep South, as well as into...
Meta agrees to pay largest $725 million to settle privacy lawsuit
It’s “the largest recovery ever achieved in a data privacy class action and the most Facebook has ever paid to resolve a private class action,” the plaintiffs said in a court filing late Thursday. Lawyers for the consumers had steadily gained leverage to pry into the...
Rates to stay flat for Ukraine grain cargo insurance-Ascot
Aviation and marine war insurers are concerned that reinsurers – who insure the insurers – will exclude the whole Ukraine, Russia and Belarus region when reinsurance contracts come up for renewal on Jan. 1. A cargo insurance facility providing cover for shipments via...
ANALYSIS-Global economy bets on China learning to live with COVID
The consensus view remains that if China can get a grip on what U.S. Treasury Secretary Janet Yellen this month called the "very complex problem" of switching its COVID-19 stance, this would boost both its domestic economy and the global one Those who believe the...
Violent earthquake Of 6.4 magnitude jolts Northern California; Damages homes, disrupts power
Approximately 12 people were reported as suffering injuries, including a broken hip and head wound, the Humboldt County Sheriff's Office said at a news conference interrupted by a jarring aftershock. Two people died — an 83-year-old and a 72-year-old — because they...
Fund bosses vent ‘Mass Frustration’ as ESG tumult grips industry
Managers running the funds affected are now talking openly of the “chaos” they say has hit the investment management industry. The chief cause, they say, is a regulatory framework whose confusing rollout just blasted a $125 billion hole through the very top of the ESG...
Insurers may refuse to cover planes flying to Ukraine or ships sailing through Black Sea
As they operate on an “aggregation” basis with marine and aviation war risk insurance, totting up the losses as one, claims in one area make reinsurers wary about the whole war risk sector, David Smith, head of hull and marine liabilities at broker McGill and Partners...
Insurers shun FTX-linked crypto firms as contagion risk mounts
Specialists in the Lloyd's of London and Bermuda insurance markets are requiring more transparency from crypto companies about their exposure to FTX. The insurers are also proposing broad policy exclusions for any claims arising from the company's collapse. Kyle...