More than 3 million homes and businesses in Florida were without...
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Milton’s insured losses will range from $30 billion-$50 billion: Fitch
Milton will push global industry insured losses thus far in 2024 to...
Catastrophe bonds dodge worst-case scenario after Milton
Overall, Icosa Investments AG now sees insured losses in the range...
Jan 1 renewals: majority of placements were orderly,Guy Carpenter
Capacity was ample for many lines but more constrained for retrocession and some components of property, including loss-impacted lower catastrophe layers and aggregates.Capacity for cyber aggregates was also limited Emerging risk factors, including climate change,...
Investors want $2.5 bln in class action over Bayer’s Monsanto deal
The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more...
Apple becomes first company to hit $3 trillion market value
The world's most valuable company is the first to reach the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music. Apple's march from $2 trillion to $3 trillion in market...
Global Covid-19 caseload tops 290 mn, deaths surge to over 5.44 mn
In its latest update on Monday morning, the University's Center for Systems Science and Engineering (CSSE) revealed that the current global caseload and the death toll stood at 290,065,951 and 5,443,444, respectively, while the total number of vaccine doses...
EU drafts plan to label gas and nuclear investments as “green”
"Taking account of scientific advice and current technological progress as well as varying transition challenges across member states, the Commission considers there is a role for natural gas and nuclear as a means to facilitate the transition towards a predominantly...
Omicron-related disruptions cause over 3,600 flight cancellations to start off 2022
The Christmas and New Year holidays are typically a peak time for air travel, but the rapid spread of the highly transmissible Omicron variant has led to a sharp increase in COVID-19 infections, forcing airlines to cancel flights as pilots and crew quarantine More...
UK government seeks to mitigate workforce disruption from Omicron
New restrictions in England to slow the spread of COVID-19 will only be introduced as a last resort, health minister Sajid Javid said, stressing that although hospitalisations were rising, the number of patients in intensive care was stable The rapid spread of the...
. “If we end inequity, we end the pandemic in 2022″
Tedros Adhanom Ghebreyesus,Director-General,World Health Organisation Highlighting that COVID-19 is not the only health threat the world's people will face next year, he said, millions of people have missed out on routine vaccination, services for family planning,...
Four climate lawsuits to watch in 2022
Baltimore claims that about two dozen fossil fuel companies knowingly contributed to climate change. The city says it is vulnerable to sea-level rise driven by climate change The year 2022 could see the U.S. Supreme Court redefine the scope of the country's most...
HSBC gets approval to buy out China life JV
HSBC has got clearance from the Shanghai office of the China Banking and Insurance Regulatory Commission to buy the remaining 50% in its venture HSBC Life China, the bank said HSBC said on Thursday it had received regulatory approval in China to take full ownership of...