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Broker Howden launches Red Sea cargo war insurance as ship risks surge
Howden said the new product was the "first dedicated insurance...
U.S. cyber insurance maintains strong profits; premium growth slows
Chicago/New York: Favorable cyber underwriting results are partly...
Nord Stream 2’s future looks increasingly uncertain
Zurich Insurance Group AG terminated all of its coverages impacted by the sanctions and engineering firm Bilfinger SE is said to have cut ties with the project.
U.S. Supreme Court wrestles with dispute over Baltimore climate suit against energy firms
Baltimore and the other jurisdictions are seeking damages under state law for the harms they said they have sustained due to climate change, which they attribute in part to the companies’ role in producing fossil fuels that produce carbon dioxide and other greenhouse gases. The claims involve oil production and marketing, not the harmful emissions themselves.
The plaintiffs, for instance, have said they have had to spend more on infrastructure such as flood-control measures to combat sea-level rise caused by a warming climate.
SCOR develops biometric risk calculator to improve the life underwriting process
SCOR’s latest digital innovation, Vitae, addresses these key underwriting complexities through the automation of the risk assessment process. Vitae is a cutting-edge biometric risk calculator based on advances in medical research and employing innovative Machine Learning techniques.
Elon Musk to offer $100 million prize for ‘best’ carbon capture tech
Capturing planet-warming emissions is becoming a critical part of many plans to keep climate change in check, but very little progress has been made on the technology to date, with efforts focused on cutting emissions rather than taking carbon out of the air.
New China swine fever strains point to unlicensed vaccines
Two new strains of African swine fever have infected more than 1,000 sows on several farms owned by New Hope Liuhe, China’s fourth-largest producer, as well as pigs being fattened for the firm by contract farmers, said Yan Zhichun, the company’s chief science officer.
Biden rolls back Trump policies on wall, climate, health, Muslims
“Some of the executive actions I’m going to be signing today are going to help change the course of the COVID crisis, we’re going to combat climate change in a way that we haven’t done so far and advance racial equity and support other underserved communities” said U.S. President Joe Biden
WHO says ‘close’ to Pfizer deal for poorer nations
So far, over half of the 50 million inoculations given globally in 50 countries have been done in the US and China. None have yet been given in Africa. WHO chief Tedros Adhanom Ghebreyesus on Monday blamed vaccine nationalism for the inequity, saying the world was on the brink of “catastrophic moral failure”.
Asia piracy incidents hit 5-year high in 2020, shipping insurance rates firm
The War risk insurance premium firm due to maritime threats
Asia-Pacific LR1 tanker rates hit 6 month-high in Dec 2020
Abducted crew still in captivity in Sulu-Celebes region
Singapore Straits comprise 35% of incidents in 2020
Epidemics lead world’s biggest short-term risks: World Economic Forum
Extreme weather events and cybersecurity failure were also key risks, WEF said in an annual risks report on Tuesday.
“The pandemic has accelerated trends that have been coming for a long time,” said Carolina Klint, risk management leader, Continental Europe, at insurance broker Marsh.
World on brink of “Catastrophic Moral Failure” on vaccines: WHO Chief
The global scramble for shots has intensified as more infectious virus variants circulate.Tedros said more than 39 million vaccine doses had been administered in 49 higher-income countries whereas just 25 doses had been given in one poor country.
He said even as some countries pronounced reassuring words on equitable access, they were prioritising their own deals with manufacturers, driving up prices and trying to jump the queue.