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Trebling of “nuclear” court verdicts challenges companies and liability insurers: Allianz
Recent years have also seen a growing list of pharma, food, and...
Facebook users affected by data breach eligible for compensation, German court says
Thousands of Facebook users in Germany are demanding compensation...
Singapore port authority probes alleged bunker fuel contamination
Marine insurer Gard said in a statement that some of the vessels it insures had suffered operational issues including blackouts, and in some cases ships needed to be towed back to port Singapore is the largest marine fuel supplier in the world and sits at the...
Thailand cancels licenses of 2 P/C insurers
The firms were in serious financial trouble, which could have damaged their clients and the wider public, the Office of Insurance Commission said in a statement late Friday The government will be responsible for payments of outstanding claims and the revocation of the...
Climate change could cost U.S. budget $2 trln a year by end century: White House
"Climate change threatens communities and sectors across the country, including through floods, drought, extreme heat, wildfires, and hurricanes (affecting) the U.S. economy and the lives of everyday Americans," Candace Vahlsing, an OMB climate and science official,...
Global insurers plan to ramp up private equity investments
More than 40% of insurers plan to increase their investments in private equity in the next 12 months to boost returns, according to the survey of 328 executives overseeing more than $13 trillion in insurance assets Insurers want to put more money into private equity...
WHO says 99% of world’s population breathes poor-quality air
Air quality is poorest in WHO's Eastern Mediterranean and Southeast Asia regions, followed by Africa, it said. Particulate matter, especially PM2.5, is capable of penetrating deep into the lungs and entering the bloodstream, causing cardiovascular, cerebrovascular...
China sends military, doctors to Shanghai amid COVID-19 outbreak
Shanghai will conduct city-wide nucleic acid testing on Monday. The city on Monday reported 425 confirmed and 8,581 asymptomatic domestically transmitted cases, the highest daily increases since the latest outbreak, bringing the total number of COVID-19 infections in...
WHO suspends Covaxin supply to UN agencies
A statement issued by WHO on Saturday said the suspension is in response to the outcomes of its post EUL (emergency use authorisation) inspection held between March 14–22, 2022 and the need to conduct process and facility upgrade to address recently identified GMP...
New COVID mutant ‘XE’ found in UK, more transmissible than Omicron sub-variant: WHO
Recombinant variants are not an unusual occurrence, particularly when there are several variants in circulation, and several have been identified over the course of the pandemic to date. As with other kinds of variant, most will die off relatively quickly," Professor...
U.N. launches group to hold companies to account for net-zero pledges
U.N. Secretary-General António Guterres said the group of 16 experts will analyze the net-zero plans of companies, investors, cities and regions in order to develop stringent and transparent standards to ensure they deliver their promises WASHINGTON: The United...
China and India biggest domestic market opportunities for insurance: HSBC
“Mainland China and India are growing at fast rates and are two of the biggest domestic market opportunities,” said Greg Hingston, global chief executive, HSBC Holdings Plc’s insurance Opportunities will likely be in places like Singapore, India and mainland China,...