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El Niño to trigger drought insurance payouts in four southern African states
El Nino, which brings dry and hot weather to Southern Africa, has...
Dubai faces heavy disruption as flooding worsens
The heavy rains across the desert nation came after cloud seeding....
Reputation of AstraZeneca’s COVID vaccine marred by missteps
US officials issued an unusual statement expressing concerns the company had included outdated information from its study and that it may have provided an incomplete view of the efficacy data.
A company spokesman said Tuesday it was looking into it.
Lloyd’s launches pioneering parametric earthquake insurance policy in New Zealand
The new product Bounce is designed to provide New Zealanders with affordable earthquake insurance and fast claims payments, to support customers’ needs following an earthquake and quickly cover immediate expenses incurred. It does this by tracking Peak Ground Velocity (PGV) which triggers payment at levels of 20 centimetres per second and above.
Danish Red Cross launches world’s first cat bond for volcanic eruptions
Sponsored by the Danish Red Cross with support from insurance group Howden Group Holdings, the cat bond catastrophe bond aims to transform the way disaster aid is activated and deployed by mobilizing humanitarian assistance from global capital markets.
The cat bond aims to raise up to $3 million from investors for aid in the aftermath of an eruption. Initial investors are three insurance linked securities (ILS) specialists, Plenum Investments, Schroder Investment Management and Solidum Partners.By using advanced modeling developed by Mitiga Solutions and blockchain technology developed by Replexus, the bond will raise humanitarian funds in advance, and allow aid to be released more quickly and effectively while offering uncorrelated returns for investors.
Advanced nuclear reactors no safer than conventional nuclear plants, says science group
“In many cases, they are worse with regard to … safety, and the potential for severe accidents and potential nuclear proliferation,” said Lyman, author of the report UCS released Thursday called “‘Advanced’ Isn’t Always Better”.
Facebook fails in bid to derail $15 billion privacy suit
US wiretap law makes it illegal to snoop on electronic communications unless one is a party to the exchange.
The suit accuses Facebook of wrongly tracking users away from the social network, then making money from the data by selling it to marketers for targeting ads.
Popular remote learning software prone to hacking
The McAfee Labs Advanced Threat Research team recently investigated a software called Netop Vision Pro produced by Netop and installed on computers used in several schools.
Asia accelerates AstraZeneca Covid-19 vaccine rollouts, even as trust plunges in Europe
The AstraZeneca shot was among the first and cheapest of the Covid-19 vaccines to be developed and launched at volume and is set to be the mainstay of vaccination programmes in much of the developing world.
But its brief suspension raised concerns that a slowdown in vaccination rollouts could hurt the global fight against the pandemic, as coronavirus cases surge in some countries, overwhelming healthcare systems and hurting economies.
Quake hits Japan area devastated a decade ago, tsunami alerts lifted
Tokyo Electric Power said it had found no irregularities at its Fukushima Daiichi nuclear plant – wrecked by the massive March 2011 quake that caused nuclear meltdowns and mass evacuations. A spokesman said there were also no irregularities at its nearby Daini facility.
Heavy rains in Australia’s east bring worst floods in 50 years
“Yesterday, we were hoping it will only be a one-in-20-year event, now it looks like a one-in-50-year event,” New South Wales Premier Gladys Berejiklian said at a televised briefing. People in parts of Sydney’s northwest were ordered to flee their houses in the middle of the night as fast-moving waters caused widespread destruction. Late on Sunday, about another 1,000 people were asked to evacuate, after Berejiklian said that some 4,000 people may be asked to leave their houses.
Global Covid-19 caseload tops 122.2 million: Johns Hopkins University
Nations with a death toll of over 50,000 are India (159,370), the UK (126,263), Italy (104,241), Russia (92,704), France (91,833), Germany (74,466), Spain (72,910), Colombia (61,771), Iran (61,649), Argentina (54,476) and South Africa (52,035).