Overall, Icosa Investments AG now sees insured losses in the range...
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World’s rivers faced the driest year in three decades in 2023, the UN weather agency says
“Water is the canary in the coalmine of climate change. We receive...
Lloyd’s of London must stop supporting fossil fuel expansion says NGO
“Lloyd’s will continue to follow government policy and regulatory...
Howden appoins a head in newly created Entertainment practice
Connell joins Howden from EC3 Brokers where he was Head of Contingency and Entertainment, a role he has held for the past four years. In his new role, he will be responsible for developing and delivering creative solutions for clients in the entertainment sector, enabling them to navigate the continued insurance and risk management related challenges posed by Covid-19
Ransomware attacks hit record 300 mn in 1st half of 2021: Report
In line with spikes in global data, the researchers also recorded alarming ransomware spikes across key verticals, including government (917 per cent), education (615 per cent), healthcare (594 per cent) and retail (264 per cent) organisations.
“In a year driven by anxiety and uncertainty, cybercriminals have continued to accelerate attacks against innocent people and vulnerable institutions,” Bill Conner, President and CEO, Sonic Wall, said in a statement.
Zoom to settle US privacy lawsuit for $85 mn
The suit charged that Zoom’s sharing of users’ personal data with Facebook, Google and LinkedIn was a breach of privacy for millions.
While Zoom denied wrongdoing, it did agree to improve its security practices.
Talent war’ pushing white-collar pay higher, British recruiter says
“A war for talent and significant wage inflation is beginning to emerge,” Robert Walters’ eponymous chief executive said in a statement accompanying the group’s first-half results, though he didn’t specify what level of pay rises the company was seeing.
Walters’ remarks on higher salaries align with stories of pay hikes by European lenders Deutsche Bank and UBS and at Wall Streets banks, while data has shown more people are changing jobs or quitting following months of uncertainty during lockdowns.
Shipping losses stay at historic lows, but Asia remains largest global loss hotspot:Allianz
“Overall, the frequency of marine claims has not reduced. We are also seeing an increased cost of hull and machinery claims due to delays in the manufacture and delivery of spare parts, as well as a squeeze on available shipyard space,” says Justus Heinrich, Global Product Leader, Marine Hull, at AGCS.
“Overall, the frequency of marine claims has not reduced. We are also seeing an increased cost of hull and machinery claims due to delays in the manufacture and delivery of spare parts, as well as a squeeze on available shipyard space,” says Justus Heinrich, Global Product Leader, Marine Hull, at AGCS.
The world’s piracy hotspot, the Gulf of Guinea, accounted for over 95% of crew numbers kidnapped worldwide in 2020. Last year, 130 crew were kidnapped in 22 incidents in the region – the highest number ever – and the problem has continued. Vessels are being targeted further away from the shore – over 200 nautical miles (nm) in some cases.
Long Covid may qualify as disability under federal law: Biden
“We’re bringing agencies together to make sure Americans with long Covid who have a disability have access to the rights and resources that are due under the disability law, which includes accommodations and services in the workplace and school, and our health care system so they can live their lives in dignity,” Biden said.
China, India miss UN deadline to submit plans for cutting emissions
The world’s two most populous countries are among dozens that failed to provide an update on their targets for curbing the release of planet-warming gases to the UN climate change agency by July 31, they said on Saturday.
China is the country with the world’s highest emissions, while India is third. The United States (US), which submitted its new target in April, is the second-biggest global emitter.
Myanmar has the highest coronavirus mortality rate in Southeast Asia
In the last seven days, the death rate per capita in Myanmar has surpassed that in Indonesia and Malaysia and has become the worst in Southeast Asia. The country’s healthcare system was quickly overwhelmed by new COVID-19 patients.
Medical oxygen supplies are dwindling, and the government has restricted its private sales in many places, saying it is trying to prevent backlogs. But this has led to widespread accusations that supplies are being channeled to government supporters and military hospitals.
Irish approves laws to make bankers and insurers more accountable
The new regime will apply to senior individuals in banks, insurance firms – excluding reinsurance companies – investment firms which are authorised to hold client monies or assets and third country branches of those categories.
The new laws will allow for additional fines and regulatory findings against individuals.
Ship tied to Israeli billionaire attacked off Oman, 2 killed
“At the time of the incident the vessel was in the northern Indian Ocean, traveling from Dar es Salaam to Fujairah with no cargo onboard,” the statement from Zodiac Maritime said, naming ports in Tanzania and the United Arab Emirates respectively.