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Lloyd’s human pandemic scenario reveals potential global economic loss of $13.6trn
From an economic perspective, the widespread impacts would be...
Cat bonds see rapid influx of investors
Plenum estimates that the volume of catastrophe bonds in funds...
Global Nat Cat insured losses at $116 billion in 2021, more than 60% higher than average: Gallagher Re
By region, North America accounted for the largest proportion of the loss at 68%, followed by Europe, Middle East & Africa at 23%, Asia Pacific at 8% and Latin America and the Caribbean at 1%. By peril, tropical cyclones were the most impactful, responsible for...
Britain’s pandemic modellers say future large waves of COVID possible
The Scientific Pandemic Influenza Group on Modelling, Operational sub-group (SPI-M-O) said the emergence of new viral variants was the biggest unknown factor in the medium-to-long term, along with waning population immunity and changes in mixing patterns LONDON: There...
Global Covid caseload tops 390.5 mn, deaths surge to more than 5.72 mn
The US continues to be the worst-hit country with the world's highest number of cases and deaths at 76,344,963 and 901,288, according to the CSSE The second worst hit country in terms of cases is India (41,952,712 infections and 500,055 deaths), followed by Brazil...
News Corp says it was hacked; believed to be linked to China
News organizations are prime targets for the world's intelligence agencies because their reporters are in constant contact with sources of sensitive information. Journalists and newsrooms from Mexico and El Salvador to Qatar, where Al-Jazeera is based, have been...
UK competition watchdog fines Facebook’s parent company Meta for second time
"Meta failed to alert us in advance to important changes in their staff, despite knowing they were legally required to do so. This is not the first time this has happened," CMA Senior Director of Mergers Joel Bamford, said in a statement London: The UK Competition and...
Covid-19: End of pandemic in sight for Europe, thanks to high vaccination rates – WHO
Widespread immunity from vaccines and infections, combined with the change of season, also puts Europe in a better position to fend off any resurgence in transmission WHO Europe director Hans Kluge said. Two years after the outbreak of Covid-19, Europe could soon...
Omicron sub-variant BA.2 harder to identify, found in 5 African nations -WHO
The BA.2 sub-variant has begun to replace Omicron's more common "original" BA.1 variant in countries such as Denmark. Data from there suggests no difference in disease severity, according to another WHO official. "BA.2 … has been reported in five countries, that is...
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...