Sam Warnes, Director Marine Cargo commented, “This facility...
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Catastrophe models underestimate climate risks, find out investors
Catastrophe bonds and other insurance-linked securities, which...
Russia certifier steps in after India drops safety cover for sanctioned ships
Major insurers and ship engine makers have already withdrawn cover...
Aviva investors threatens to ditch top carbon emitters over climate inaction
Among the actions Aviva said it expects of the companies are that they commit to net zero carbon emissions by 2050 and ensure their plan to do so is in line with the Science-Based Targets Initiative, an NGO-led group that signs off on corporate climate plans.
The companies would need to integrate the climate goals into their business strategy, including capital expenditure plans; set short- and medium-term targets; align management pay with the goals; and ensure lobbying efforts supported the goals.
“Average ransomware payout grows from $10,000 per event in 2018 to more than $233,000 in 2020”er event in 2020
People should understand that this problem is not going away, said Eva Velasquez, ITRC’s president and CEO. Cybercriminals are simply shifting their tactics to find a new way to attack businesses and consumers.”
Above-average annual insured natural cat losses in 2020 despite multiple ‘near-misses’:Willis
In Asia, Tropical Cyclone Haishen caused under $1 billion of insured losses, well below those caused by similar storms during 2019’s cyclone season. The largest event of 2020 to hit Latin America and the Caribbean was hurricane Iota in November, with an estimated economic loss of about $1.3 billion, but a much lower insured loss.
India tells Sri Lanka to honour pact after Colombo takes back port contract
Sri Lanka had previously said the port would be 49% operated by India and Japan, with SLPA retaining the majority stake.The decision comes less than a month after a visit by Indian Foreign Minister S. Jaishankar to Colombo to shore up support for the 2019 deal, that also involved Japan and India’s Adani Group.
Scientists fear COVID-19 UK variant has mutated again
Tests conducted on samples of the Kent variant, named after the region in England where it was first detected, show a mutation, called ‘E484K’, already detected in the South Africa and Brazil variants. There are fears that this mutation could evade the immune system and that the vaccines currently being administered may prove less effective against these further mutating variants of the SARS-CoV-2 virus.
Swiss Re and Diameter Health join forces for breakthrough in digital health data
First ever scalable solution to use electronic clinical health data for life insurance underwriting.Will greatly help life insurers improve the speed and quality of their
underwriting
Insutech Trov to launch cover for fully electric London-based fleet
“This partnership with UFODRIVE is the first of, hopefully, many for Trov within the UK market and highlights the vital convergence of the future of transportation with the future of insurance. We’re delighted to help them manage their holistic risk effectively, so they can focus on bringing more sustainable transport options to consumers and businesses in London and beyond,” said Ed Axon, Global Head of Business Development at Trov.
Suspected Russian hackers gained edge through tech firm attacks
“Attackers are getting more sophisticated, and pursuing persistence over time instead of smash and grab techniques,” said Jim Jaeger, a former U.S. Air Force brigadier general who is now president and chief cyber strategist at the cyber investigations firm Arete Advisors LLC. “Now they’re aspiring to use cyber-security tools to get inside our networks. They’re taking our safeguards and using them against us.”
Cryptocurrency crime drops in 2020 but decentralized finance breaches rise:Study
Fraud was the dominant cryptocurrency crime in 2020, followed by theft, and ransomware. Half of all thefts, or about $129 million, were hacks tied to decentralized finance (DeFi), which are transactions on platforms that facilitate lending outside of banks.
Global Covid cases top 102 million, death toll at 2,204,494: Johns Hopkins
The US is the worst-hit country with the world’s highest number of cases and deaths at 25,909,336 and 436,541, respectively, according to the CSSE.
India comes in second place in terms of cases at 10,720,048.