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...
US says $ 100 billion soon to help poor nations with climate
U.S. climate envoy John Kerry Kerry said to fund the economic transition that all countries must make to tackle climate change, "it's going to require not just $100 billion but trillions of dollars.No single government — no group of governments — can meet the $2.5...
AEON Allianz Life Insurance deploys Munich Re’s tech solution
Yoichi Hayashi, Vice President at Munich Re Automation Solutions Japan, said, “Japan has long been a key priority market for us. As the world’s third largest economy, and with an average lifespan of 84 years, the life insurance market brings with it a unique and...
Biden orders government to study digital dollar, other cryptocurrency risks
Wide-ranging oversight of the cryptocurrency market, which surged past $3 trillion in November, is essential to ensure U.S. national security, financial stability and U.S. competitiveness, and stave off the growing threat of cyber crime, administration officials said...
BMW recalling 917,000 U.S. vehicles over engine fire concerns
The latest recall includes numerous vehicles built between 2006 and 2013, including some 1 Series, 3 Series, X3, 5 Series, X5 and Z4 models because the heater for the positive crankcase ventilation valve (PCV) may short-circuit and in extremely rare cases could...
Marine insurers widen high-risk area as Ukraine conflict escalates
The new high-risk areas also extend to various inland waters and sections of the high seas, underscoring the increasing dangers. “There is clearly a growing nervousness around the region in the insurance market, especially in relation to the Black Sea,” said Marcus...
Climate change making Australia a more difficult place to live: PM Scott Morrison
“Australia is becoming a harder country to live in because of these natural disasters,” Morrison told reporters on Wednesday, adding that the world was dealing with “a different climate to the one we were dealing with before” Prime minister Scott Morrison Australia’s...
Australia to declare east coast floods a national emergency
The declaration means flood victims won't have to provide identification documents to receive support payment and in some circumstances the federal government can act independently in areas where the state governments haven't requested help. Canberra: Australia's...
Lessors face legal quagmire as Russian plane repos stall
Western bans imposed after Russia's invasion of Ukraine give most leasing firms until March 28 to sever ties with Russian airlines - sparking a game of cat-and-mouse from Asia to Africa as lenders frantically try to seize aircraft Leasing companies are terminating...
Britain announces new aviation sanctions against Russia
The new measures would also prevent aviation and space related exports including insurance and re-insurance. This will mean cover is withdrawn on existing policies and British-based insurers and reinsurers will be unable to pay claims on existing policies in these...
Food emergency: Ukraine war compounds global hunger crisis
As a result, global food prices are already at record highs, with the benchmark U.N. index increasing more than 40% over the past two years. The surge has had crushing consequences. Food insecurity has doubled in the past two years, and the World Food Programme...