Property casualty (PC) insurers face cost inflation in personal...
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Hurricanes and earthquakes could lead to global insured losses of $ 300 billion in a peak year, Swiss Re
Balz Grollimund, Swiss Re's Head of Catastrophe Perils, said: "Our...
Corporate America boosts security spending after UnitedHealth murder, filings show
“The number of customers requiring assessments and executive...
Cyber officials from 37 countries, 13 companies to meet on ransomware in Washington
One key topic for discussion will be how to disrupt such attacks, counter the illicit movement of cryptocurrencies and build resilience against such attacks, the official said The White House hopes the meeting will allow participating countries to "institute a set of...
The world’s food security is at stake as Russia exits Ukraine grain deal
“Grain prices could potentially rise between 5% and 10% in coming days as markets “absorb the bad news,” said David Laborde of the International Food Policy Research Institute in Washington Along with a reduction of exports, the early termination of the Black Sea deal...
Workers leave biggest iPhone plant in China to escape Covid curbs
China’s zero-tolerance approach to the pandemic has idled factories and up-ended supply chains. Closed loops enable companies to stay operational during lockdowns but take a toll on workers, whose movements are severely limited, with some even required to sleep on...
At least 151dead in Seoul Halloween stampede
Rescue workers, firefighters and police officers are seen on the street near the scene in Seoul, South Korea It was also Asia's second major crushing disaster in a month. On Oct. 1, police in Indonesia fired tear gas at a soccer match, causing a crush that killed 132...
Russia halts UN brokered Ukraine Black Sea grain exports
The U.N. chief said the grain deal brokered by the United Nations and Turkey in July helps "to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people, his spokesman said Kyiv: Russia announced Saturday that it will immediately...
Pakistan needs USD 16 Bn to build back as losses due to flash floods cross over USD 30 Bn
As per the report, the damage, and loss, following the unprecedented floods in Pakistan require transparency, inclusion, and climate resilience The losses due to devastating floods in Pakistan have surpassed USD 30 billion in the country as the monsoon rains have...
47 dead, dozens feared missing as storm lashes Philippines
About 20 typhoons and storms batter the Philippine archipelago each year. It is located on the Pacific "Ring of Fire," a region along most of the Pacific Ocean rim where many volcanic eruptions and earthquakes occur, making the nation one of the world's most...
EU approves effective ban on new fossil fuel cars from 2035
"This deal is good news for car drivers… new zero-emission cars will become cheaper, making them more affordable and more accessible to everyone," Parliament's lead negotiator Jan Huitema said BRUSSELS: The European Union struck a deal on Thursday on a law to...
Swiss Re plunges into losses of $442 million in Q3 2022
Swiss Re's Group Chief Executive Officer Christian Mumenthaler said: "The first nine months of this year were marked by a confluence of events affecting Swiss Re's financial performance: from turbulence in the financial markets, to an increase in natural catastrophe...
Cyber insurance remained challenging in Asia, average rate rises by 25% or more: Marsh
“The global business environment remains tough for clients. Ongoing inflation and geopolitical instability are affecting all sectors and we expect even more challenging conditions in the already strained property catastrophe market following Hurricane Ian,” commented...