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Europe’s wildfires in 2023 were among the worst this century, report says
Preliminary data for the first three months of 2024 show almost...
Boeing crisis of confidence deepens with 787 now under scrutiny
The latest allegations cast Boeing in an unfavorable light as it...
US ban on export of critical raw materials to limit vaccine supply: Serum
He said the recent invocation of the U.S. Defence Production Act to preserve vaccine raw materials for its own companies went against the global goal of sharing vaccines equitably.
Insurers rewrite business policies after pandemic legal tussles
New policies and renewals now define terms like “communicable disease” or “microorganism” – something existing policies often lacked, and which led to a flood of lawsuits that insurers have so far largely won.
An exclusion drafted by the Lloyd’s Market Association, for example, says insurers will not cover any claim “directly or indirectly arising out of, attributable to, or occurring concurrently or in any sequence with a Communicable Disease.”
Activists sue big French retailer over Amazon forest damage
They filed the lawsuit in the French city of Saint-Etienne, where Groupe Casino is based, using a 2017 French law requiring large companies to prevent any serious human rights and environmental violations in their businesses and supply chains. Violators must pay reparations for any damage caused by their inaction.
China aims to boost next-gen AI, brain science, genetic research and biotechnology, clinical medicine and health
Why world’s power grids are increasingly vulnerable to cyber attacks
“Essential state infrastructures like power grids and nuclear reactors have been and will continue to be a target of cyber attacks because modernization allows internet connectivity, which makes them vulnerable,” said Kim Seungjoo, a professor at Korea University’s School of Cybersecurity.
“It’s almost a natural instinct of hackers, especially the state-sponsored ones, to attack energy infrastructure because they can easily disrupt national security.”
Stand-alone cyber insurance products to benefit both insurers and policyholders:S&P
Although cyber attacks and the resulting financial losses are on the rise, the cyber insurance market is underdeveloped. Cyber cover is often bundled into existing property or liability insurance policies, and in some cases, the policies do not explicitly include or exclude cyber cover at all. This gives rise to “silent cyber”, or the risk to insurers of losses from cyber-related claims on existing property or liability insurance policies.
International Conference On Disaster Resilient Infrastructure to be held from 17 – 19 March
ICDRI 2021 is a three-day interactive virtual conference • It will be held from 17 – 19 March 2021 • Prime Minister of India Narendra Modi is scheduled to make the inaugural speech for the event • ICDRI 2021 constitutes of a virtual exhibition – Marketplace • Online courses are being offered before, during and after the conference via Masterclass Register Now https://icdri.cdri.world/Register.html
Strong 7.2 magnitude earthquake jolts New Zealand, tsunami warning issued
There was no immediate report of damages.
New Zealand government’s seismic monitor Geonet pegged the quake at a magnitude of 7.2 with a depth of 94 km (58 miles).
Generali CEO says insurers can’t handle pandemic risk alone
“When the risk becomes systemic it is no longer insurable and obviously we need to use public money,” he said.
Donnet said the European Union and member states should work with the insurance and reinsurance industries to improve protection across the bloc.
French families sue over extensive nursing home virus deaths
Their complaint focuses on multiple issues at French homes for the elderly and disabled during the first half of 2020. Those flaws included mask shortages for residents and staff; testing shortages; the use of a powerful sedative called Rivotril on some residents while homes were locked down; and opaque decisions on which residents received hospital treatment for the virus and which were left to suffer or die in their nursing homes.