The report says 96 per cent of online pharmacies were found to be...
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McGill offers property war reinsurance for Ukraine
McGill said it had collaborated with local Ukrainian insurer ARX to...
Los Angeles wildfire economic loss estimates top $50 bln
J.P. Morgan believes that insured losses originating from the...
London as financial hub struggles to find its way in Brexit Britain
Sam Woods, chief executive of the Prudential Regulation Authority, faces calls from the insurance industry to support the relaxation of the Solvency II capital rules, which were written while part of the EU London: London is in danger of becoming a mere “regional...
China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19
The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...
Luton Airport runway meltdown shows airports vulnerable to climate change
Airports Council International (ACI), a group representing airports globally, said it will soon publish an airfield maintenance handbook for members with a section dedicated to pavement management “This includes lists of probable cause of pavement distresses, and some...
China says medical insurance fund in the black, responding to concerns
Healthcare affordability is a sensitive issue in China. Costs are often high, with hospitals setting elevated prices for some drugs, and medical supplies and doctors known to over-prescribe. The government has started to reform price mechanisms for some medical and...
UN health agency declares monkeypox a global emergency
"In short, we have an outbreak that has spread around the world rapidly through new modes of transmission about which we understand too little and which meets the criteria in the international health regulations," WHO Director-General Tedros Adhanom Ghebreyesus said...
Indian billionaire Gautam Adani overtakes Bill Gates to become the world’s fourth-richest person
Gautam Adani Adani’s net worth surged to $112.5 billion on Thursday, surpassing that of the Microsoft co-founder by $230 million, according to the Bloomberg Billionaires Index Indian billionaire Gautam Adani has overtaken Bill Gates to become the world’s...
Ship insurers sail into unknown with Ukraine grain risks after deal reached
"There are a number of underwriters who have expressed an interest in writing this risk and one or two brokers also. It may well be a consortium that is formed," Neil Roberts, head of marine and aviation with the Lloyd's Market Association, told Reuters. A number of...
Travelers reporting stranded luggage this summer jumped 30%: Mapfre
More bags are going missing as short-staffed airports and airlines struggle to keep up with luggage handling alongside surging travel demand.Most stranded luggage ends up resurfacing, thus not triggering reimbursement, the insurer said The number of travelers...
Ship insurers seek more assurances on Ukraine grain corridor
Russia, Ukraine, Turkey and the United Nations are expected to sign a deal later this week aimed at resuming the shipping of grain from Ukraine across the Black Sea Insurance for the ships would be possible “if a sensible solution were offered,” said Rory Colacicchi,...
Britain swelters on its hottest day ever as temperatures hit 40C
Stephen Belcher at the Met Office said he had not expected to see such temperatures in Britain in his career "Research conducted here at the Met Office has demonstrated that it's virtually impossible for the UK to experience 40C in an undisrupted climate but climate...