Unexpected resilience that led economists to significantly upgrade...
Category:
International News
Latest
World emission cut target will be missed by an overwhelming amount, UN climate chief warns
Total emissions of CO2 into the atmosphere in 2030 will only be...
WTW expands Japan’s corporate risk & broking business with new insurance brokerage service
``Working closely with the international and domestic insurance...
Ukraine in focus for Olympics insurers as Beijing Games kick off
If there is war between Russia and Ukraine, teams and broadcasters could also suffer war-related losses themselves, as war involving the five so-called "superpowers" of the United States, Britain, France, China and Russia is often excluded from cancellation policies,...
UK snack company hit by ransomware attack causing delays
“As soon as we became aware of the incident, we enacted our cybersecurity response plan and engaged a leading forensic information technology firm and legal counsel to assist us in our investigation,” added the British firm, well known for its crisps, or potato chips,...
Hackers target key European fuel-distribution firms
The incidents serve as a reminder of how cyber security is becoming a growing concern across the oil industry. Last year, Colonial Pipeline Co. paid a ransom after a hack forced it to shut the largest fuel pipeline in the U.S., resulting in shortages at filling...
Pace of risks pricing increase in Asia continues to decline in q4 2021
Cyber remained the most challenging coverage area in Asia , driven by ransomware claims, with considerable pressure on pricing and deductibles, a reduction in capacity, and narrowing of key coverages, said Marsh Hong Kong: Insurance pricing in the fourth quarter of...
Omicron subvariant BA.2 likely to have same severity as ‘original’ -WHO
BA.2 is more transmissible than the more common BA.1 and more able to infect vaccinated people, according to a Danish study which analysed coronavirus infections in more than 8,500 Danish households between December and January. The subvariant is already becoming...
Twitter challenges German rules for online reporting
The lawsuit filed at the administrative court in Cologne challenges a provision under Germany’s expanded anti-hate speech regulations that Twitter says allows user data to be passed to law enforcement before it is clear any crime has been committed Twitter has taken...
COVID-19: NeoCov’s potential danger to humans requires further study, says WHO
"It is only one mutation away from becoming dangerous for humans," researchers said in a paper posted on preprint website bioRxiv, and not peer-reviewed yet. However, according to the WHO, the question of whether the NeoCov coronavirus, recently discovered in bats in...
Families of crash victims ask US to reopen Boeing settlement
Last month, the families of more than a dozen passengers filed a motion in federal court in Fort Worth, Texas, alleging that the Justice Department violated a 2004 victims’ rights law by not consulting with them before reaching the settlement, which shielded Boeing...
Musk’s bets on Tesla: human-like robots and self-driving cars
"I would be shocked if we do not achieve full self-driving safer than human this year. I would be shocked," Musk said, predicting full self-driving would become "the most important source of profitability for Tesla." "It's nutty good from a financial standpoint," he...
Insurtech MIC Global receives ‘In-Principle’ approval to establish Lloyd’s Syndicate 5183
Harry Croydon, CEO and president of MIC Global, said: “MIC is a spark for innovation and change in the industry. We envision a world where insurance is accessible to everyone, which means creating new ways of providing coverage by leveraging our technology and...