In a proposed class action filed on Tuesday night in the Austin,...
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Fed leaves rates unchanged, nods to possible September cut
Fed Chair Jerome Powell While Fed officials are wary of any actions...
Spain fines Booking.com $448 million for abusing dominant position
Booking Holdings intends to appeal the fines as it strongly...
WHO chief calls for vaccinating at least 10 per cent of population of every country by September
”Vast inequities in the access to vaccines are fuelling a two-track pandemic. While some countries have reached a high level of coverage, many others don’t have enough to vaccinate health workers, older people & other at-risk groups,” the World Health Organisation Director General said in a virtual address to India Global Forum.
World must prepare for future crises by setting up Global Fund for Social Protection:UN expert
According to the International Labour Organisation (ILO), the majority of the world’s population — 55 percent, or 4 billion people — lacks any form of social protection. Another 16 percent, or 1.2 billion people, enjoy only partial protection. Only 35 percent of children, approximately one in three, benefit from child allowances that would ensure they receive childcare, nutrition and education.
Cyber reinsurance jump 40 % in July renewals -Willis Re
The average ransom payment made by a business to restore data after a cyber attack was $220,000 in the first quarter, up 43% from the last quarter of 2020, according to cyber security firm Coveware.
In addition to the ransom payments, cyber insurance and reinsurance policies can cover the cost of restoring the network, business interruption losses and even the hiring of a PR agency to address reputational damage.
New report outlines roadmap to deepen UK-India capital markets link
“Well functioning public markets underpin growth, innovation, job creation and the transition to a low carbon economy,” said Shrey Kohli, Director, Head of Debt Capital Markets, London Stock Exchange.
Generation Equality: Alongside COVID lies an ‘equally horrific pandemic’ threatening women
And compared to men, women are 24 per cent more likely to lose their jobs and can expect their income to fall by 50 per cent more – making economic justice and rights imperative.
At the same time, women are 10 per cent less likely than men to have internet access, leaving 433 million women globally on “mute”.
Swiss Re’s iptiQ and ImmoScout24 launch digital loss of rent insurance
Andreas Schertzinger, CEO of iptiQ EMEA P&C, says: “With ImmoScout24, we have found the ideal partner in Germany to offer customers tailor-made household insurance products online precisely when it matters. Thanks to the seamless integration of our product into ImmoScout24’s digital ecosystem, customers can insure themselves against the risk of rent-related losses directly online and throughout the rental process.”
EU plans new safety rules for the workplace wherever it is
In guidelines to protect almost 170 million EU workers over the 2021-2027 period, it will also seek to produce recommendations on mental health at work before the end of 2022.
Work-related accidents and illnesses cost the EU economy over 3.3% of gross domestic product per year, the Commission said. It said estimates showed that for every euro invested in occupational health and safety, the return for the employer is around twice as much as employees take less sick leave.
EU-U.K. deal clears way for free flow of data across Channel
To address concerns the UK could in future move away from the EU’s robust privacy protection rules, the commission added a so-called sunset clause, which leads to a review of the data transfer accord every four years.
Remote work may shift 835,000 jobs out of London, Report Says
With more staff able to work remotely, offices could become venues for “fast-moving, high-value tasks,” the report said. Some roles are best suited to offices, including those that require special equipment or that need a secure, regulated environment, the authors noted.
“Overall, the insurance capacity in Asia is shrinking in the Power sector”
“Overall, the insurance capacity in Asia is shrinking in the Power sector. While the rate of hardening has now decreased for most lines of business from last year’s percentage rises, the pressure to keep pushing for year-on-year increases shows little sign of abating. It is important for Power companies to work closely with their risk advisors, using risk and analytics tools to help them manage their cost of risk through purchasing the right limits and retention levels for their insurance programmes.