The parametric insurance market is projected to reach $39.3 billion...
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Meta outage hit Facebook Instagram WhatsApp
Meta’s outage is a timely reminder of the need to engineer critical...
Hacking rooftop solar can disrupt of Europe’s Power Grid
The exponential growth of rooftop solar systems means millions more...
Tom Bolt appointed as executive vice president and chief risk officer of AIG
“Over his more than 35 years in insurance and reinsurance, Tom has developed deep underwriting expertise and, since joining AIG in 2018, he has played a critical role in the turnaround of our general insurance business by setting standards for underwriting excellence...
UNDP and Generali partner to develop insurance and risk finance solutions
"On average, the world's poorest countries lose $29 billion every year from disasters yet a meagre 3% of these losses are covered by insurance," says UNDP Administrator, Achim Steiner "This new partnership with Generali will allow UNDP to extend much-needed insurance...
J&J must pay $302M in pelvic mesh case: US Court
Superior Court Judge Eddie found after a non-jury trial that the company made misleading and potentially harmful statements in hundreds of thousands of advertisements and instructional brochures for nearly two decades SAN DIEGO: A California appeals court has upheld a...
Global initiative to combat noncommunicable diseases, responsible for 7 in 10 deaths worldwide
NCDs are largely preventable and treatable, nearly seven million lives could be saved for just US$ 0.84 per person per year from now until 2030, says the UN health agency This investment would realize more than $230 billion in economic and societal benefits and head...
UN: COVID plunged 77 million into poverty before Ukraine war
According to the U.N., 812 million people lived in extreme poverty — on USD 1.90 a day or less -- in 2019, and by 2021 amid the pandemic the number had risen to 889 million A UN analysis indicates ''1.7 billion people are faced with exposure to spiking food, energy...
Sri Lanka’s doctors association urgently seeks medicines to tackle drug shortage amid economic crisis
“Due to poor financial and economic management, the Sri Lankan healthcare sector is on the verge of a severe crisis in saving the lives of patients caused by severe drug and equipment shortages. We need your generous support at this crucial time to continue the...
25 people dead as typhoon triggered landslides
Nearly 140,000 people have been affected by the storm locally known as Agaton, which made landfall over Eastern Samar province on April 10, the nation’s disaster risk-reduction and management council said. Megi is this year’s first tropical storm to hit the...
DHL run Boeing jet breaks in two after skidding off runway
The jet spun about 180 degrees and its tail went down an embankment. Photos showed the tail section snapped off from the main fuselage A Boeing Co. 757 cargo jet operated by DHL broke in two after skidding off the runway at Juan Santamaria International airport in...
Russia- Ukraine crisis could slash global trade growth by half in 2022: WTO
The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine, said the Secretariat note.Russia and Ukraine are both important suppliers of essential products, notably food and energy, according to the note...
Munich Re partners with OneDegree to launch digital asset insurance in Hong Kong
OneInfinity is an insurance and technology product offering designed specifically for digital asset trading platforms, custodians, asset managers and technology providers Under this partnership, Munich Re will provide reinsurance capacity and support OneDegree's...