David Kim, Head of Korea at Miller, added,``We expect to expand...
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US hurricane losses could surge by 50% under 2°C global warming, MS Amlin study warns
The findings come as the industry grapples with an intensifying...
Amid Air India probe, US FAA, Boeing notify fuel switch locks are safe, document, sources say
The FAA's Continued Airworthiness Notification on July 11 came...
Australian insurer Medibank’ hacking appears to be far larger than initially suspected
“Based on the extensive advice we have received from cybercrime experts we believe there is only a limited chance paying a ransom would ensure the return of our customers’ data and prevent it from being published,” Chief Executive Officer David Koczkar said in the...
China’s super-rich see fortunes plunge as economy slows
The Hurun Rich list, which ranks China's wealthiest people with a minimum net worth of 5 billion yuan ($692 million), said only 1,305 people made the mark this year, down 11% from last year. Their total wealth was $3.5 trillion, down 18% Meanwhile, the number of...
15,000 killed by hot weather in Europe in 2022: WHO
"This is the fastest-warming region, according to a report launched this week by the World Meteorological Organization (WMO). Extreme temperatures accounted for more than 148 000 lives lost in the European Region in the previous 50 years. In just 1 year since, we lost...
Reeling from floods, Pakistan seeks climate compensation, debt relief
Pakistan and other climate-vulnerable countries are demanding that the U.N. climate talks this year in Egypt take steps to mobilize "loss and damage" funds for disaster-hit nations, and some say rich nations have a duty to pay these costs because their historical...
Inflation top worry for G20 countries -survey
Although central banks worldwide have embarked on a path of aggressive monetary policy tightening, their efforts to tame inflation run the risk of tipping the global economy into a recession Runaway inflation, an unfolding debt crisis and cost-of-living problems pose...
Precision Air plane crashes into Lake Victoria in Tanzania, 19 killed
Images shared by East African media showed the aircraft seemingly intact after plunging into Lake Victoria, which borders Tanzania, Uganda and Kenya Nineteen people died after a passenger plane crashed into Africa’s largest lake on approach to an airport in...
Markel Dubai growth further enhances capabilities in MENA region, announces 3 senior appointments
Max Robbie has been promoted to senior executive officer (SEO) at Markel Dubai, subject to regulatory approval. He joined Markel in Dubai in October 2021 and was previously head of upstream energy for Markel in Asia Dubai: Markel International, a subsidiary of the...
Global cyber insurance premium to grow 20% to reach $23 billion by 2025 from $10 billion in 2021: Swiss Re
The market has significant growth potential beyond these projections. Given estimates of annual global cyber losses at around $ 945 billion, roughly 90% of the risk remains uninsured, said Swiss Re Jérôme Haegeli, Swiss Re Group Chief Economist: "As cyberattacks have...
Apple warns of hit to iPhone shipments from China COVID disruption
"But this is part of a much deeper story - the uncertainty surrounding the future of the Chinese economy… These headlines are part of the ongoing saga as to whether there is any truth to the consistent rumours that authorities are discussing whether some of the...
Indian ‘hack-for-hire’ firms target VIPs, states: Report
According to the investigation based on leaked documents and undercover work in India earlier this year, journalists posing as former MI6 agents turned private investigators claim that one gang ''seized control of computers'' owned by Pakistan's politicians, generals...