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Mexico threatens to sue Google for renaming Gulf of Mexico to Gulf of America on its maps service
Mexico President Claudia Sheinbaum “Who we have a dispute with is...
Willis and Global Parametrics deliver new parametric solution to coffee farmers in Vietnam
If the rainfall dips below predefined values, the insurance is...
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
To support that unprecedented level of EVs, carmakers and their battery partners are planning to install 5.8 terawatt-hours of battery production capacity by 2030, according to data from Benchmark Mineral Intelligence and the manufacturers The world's top automakers...
Fitbit sued in Australia for misleading consumers on faulty devices
The Australian Competition and Consumer Commission (ACCC) said between May 2020 and February 2022, Fitbit claimed consumers will not be entitled to a refund unless they returned a faulty product within 45 days of purchase or shipment, which is in not in accordance...
Australia flags new corporate penalties for privacy breaches
Unknown cyber criminals this week demanded ransom from Australia's largest health insurer, Medibank, after claiming to have stolen 200 gigabytes of customers' data including medical diagnoses and treatments The thieves have reportedly threatened to make public the...
TB passes COVID-19 as top infectious killer
That compares to 1,449 people a day dying due to COVID-19, calculated from the 40,578 deaths reported in the past 28 days on the Johns Hopkins University dashboard Following gargantuan global efforts against COVID-19, tuberculosis (TB) is once again the world's...
Bank of England fines MS Amlin Underwriting $10.84 million various for lapses
The penalty reflects the seriousness of MSAUL’s failure to meet the expected standards in this case, and should deter similar conduct by other firms,” Bank of England Deputy Governor Sam Woods said in a statement. London: The Bank of England said on Thursday it had...
Russia poised to largely skirt new G7 sanctions on oil price cap and insurance
Months of discussions between the United States and those insurance, trading and shipping firms have mollified concerns on their exposure to sanctions but all parties now realize Russia can largely skirt the plan with their own ships and services. Russia can access...
Munich Re warns on target after $1.6 billion hit from Ian
Ian hit Florida in September and was one of the strongest hurricanes to ever make landfall in the US. It carved a trail of ruin across southern Florida, downing bridges, inundating roads and shattering homes. Insured losses have been estimated at more than $60 billion...
Volkswagen sued by investors in Germany for not disclosing alleged private climate lobbying activities
A group of Swedish public pension funds, Danish AkademikerPension and the Church of England Pensions Board filed the suit at a German court seeking to make VW include an item about their lobbying activities to the agenda of its shareholder meeting. If successful, the...
Ukraine insurance costs surpass Iraq war levels, industry sources say
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it's a more active war zone rather than an insurgency situation," said Alexis Fehler, accident and health underwriter at Lloyd's of London-backed insurer...
XBB subvariant of Omicron can cause another wave of infections in some countries: Swaminathan
"Many people just think that it is just like the flu or any other respiratory infection, but more and more data is coming out on how COVID is affecting all organ systems and not just the respiratory route. It also affects the cardiovascular system and the inflammatory...