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2 dead and 19 injured in Southern California plane crash
The people who died were believed to have been on the plane, while...
Jan1 renewals: Property catastrophe & specialty see reduction in risk adjusted pricing across board
Globally, reinsurers are on track to produce a combined ratio near...
Europe’s largest nuclear power plant in Ukraine on fire after shelling
The plant’s reactor is a different type than the one used at Chernobyl, and there should be little risk if the containment vessel is not damaged and outside power can be restored, said Jon B. Wolfsthal, a former senior director for arms control and nonproliferation at...
Credit Suisse files lawsuits against Australia’s IAG over Greensill collapse
Insurance Australia Group Ltd was previously named as potentially exposed to the 2021 failure of Greensill since its former unit BCC Trade Credit sold policies to Greensill, but said at the time it had no liability because it sold its share of the unit two years...
UK ship insurer withdraws cover for two Russian container ships
The world’s biggest container shipping lines on Tuesday temporarily suspended cargo shipments to and from Russia in response to Western sanctions on Moscow in a further blow to trade with the country British ship insurer West of England has withdrawn cover for two...
Climate change to uproot millions, especially in Asia:
By one estimate, as many as 40 million people in South Asia may be forced to move over the next 30 years because of a lack of water, crop failure, storm surges and other disasters No nation offers asylum or other legal protections to people displaced specifically...
UK shuts out Russian companies from aviation insurance market
The move will leave Russian commercial airlines scrabbling to get cover elsewhere. Industry sources say this could include from Chinese reinsurers, while other western insurers are likely to hold back from the business, fearful of other countries imposing similar...
HDI Global supports customers with tailormade Cyber Security services for protection against cyber-attacks
Hannover: HDI Global places protection against cyber-attacks at the centre of services for its customers. The focus here is on cyber risk management. Alongside conventional risk transfer, the industrial insurer will now...
303,000 newborns die every year worldwide due to birth defects
45,000 babies born are born every year with birth defects In addition to mortality, birth defects can cause long term morbidity and disability, which in low- and middle-income countries causes a strain on the health system and, social and family resources. New Delhi:...
Cyberattacks could start war, Russian space agency warns after hacking attempt
Russia will treat any hacking of its satellites as a justification for war, the head of the country's space agency was quoted as saying in a news report on Wednesday Roscosmos head Dmitry Rogozin denied media reports that Russian satellite control centres have already...
Nations sign up to end global scourge of plastic pollution
Plastic pollution soared from two million tonnes in 1950, to 348 million tonnes in 2017, becoming a global industry valued at $522.6 billion, said UNEP. It is expected to double in capacity, by 2040 The impacts of plastic production and pollution on the triple...
COVID-19: Global depression, anxiety soared 25 per cent in a year
“The information we have now about the impact of COVID-19 on the world’s mental health is just the tip of the iceberg,” said Tedros Adhanom Ghebreyesus, WHO Director-General. In the first year of the COVID-19 pandemic, global rates of anxiety and depression increased...