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Zoox, Amazon’s self-driving robotaxi unit, being probed by US after rear-end collisions
Both crashes happened during the daytime hours and the...
EU says Booking must comply with strict tech rules, investigates X
The Commission said in March that Elon Musk's X, TikTok owner...
AXA XL makes key appointment in APAC & Europe distribution team
Gleises takes on the role in addition to her responsibilities as Global Head of Revenue Synergies. She will develop AXA XL’s client strategy and oversee its implementation across the region.
J&J says vaccine offers 100% protection against coronavirus deaths
J&J’s vaccine is different from the messenger RNA-based shots made by Moderna and partners Pfizer and BioNTech SE, which each were shown to be more than 90% effective.
Chinese regulator emphasizes party leadership in corporate governance of banks and insurers
The draft rules urged state-owned banking and insurance institutions to prioritize the key business decisions made by the Communist Party committee before consulting the board and the top leadership, according to statements of the China’s Banking and Insurance Regulatory Commission (CBIRC).
Dutch Court asks Shell to pay for Nigerian Oil Spills
Shell Nigeria is liable for damages from pipeline leaks in the villages of Oruma and Goi, the Hague Court of Appeals said in a ruling Friday. The amount of compensation will be decided later. The court also ordered the Nigerian unit and its Hague-headquartered parent company to build better warning systems so future leaks can be quickly detected.
U.N. chief urges business to take the lead on COVID-19, climate and global recovery
“We count on businesses to play an important role by themselves and to put pressure on governments to do the right thing,” he said. “We need you more than ever to help us change course, end fragility, avert climate catastrophe and build the equitable and sustainable future we want and we need.”
Mark Zuckerberg defends WhatsApp privacy policy amid India backlash
The WhatsApp policy has now been put on hold till May 15. It aims to share commercial user data with parent Facebook. The Indian government has also written a letter to WhatsApp CEO Will Cathcart to withdraw the policy.
“All of these messages are end-to-end encrypted, which means we can’t see or hear what you say and we never will, unless the person that you message chooses to share it and business messages will only be hosted on our infrastructure if the business chooses to do so,” Zuckerberg said.
Life and health insurance most likely products to see long-term benefits from COVID-19:GlobalData survey
Ben Carey-Evans, Analyst at GlobalData, comments: “Business interruption insurance is another product that could positively be impacted by COVID-19. Businesses around the world would have been scarred by forced closures throughout 2020 and into 2021 were they not able to operate. It is likely that the positive impact to this business line will be felt over time, as business owners would be very interested in policies that include pandemic cover. This product would likely have scored even higher had there not been disputes around whether insurers should pay out on COVID-19-related claims.”
OUTLOOK 2021: Regulatory challenges abound for U.S. insurers as Biden takes over, pandemic rages
While a major overhaul of insurance regulation has been ruled out, and Biden’s primary insurance-related focus is expected to be on healthcare, experts say life and property-and-casualty insurers will also need to prepare for an increase in regulatory attention from the new administration as it rushes to temper the impact of the COVID-19 pandemic.
Airlines ask WHO to back quarantine-free travel after vaccines
“We can say whatever we want, what we do need is for the WHO to come out and say the same thing, so that it becomes a universal acceptance that once you’re vaccinated you should not have to go through any of these hoops,” Nick Careen, IATA’s senior vice president for passenger matters, said in a briefing.
World Economic Forum: Allianz CEO calls for capital overhaul to help it fund climate transition
“Today, the regulatory framework we have in Europe has actually disincentivised us helping with the transition,” Oliver Baete said, speaking at a virtual meeting of the World Economic Forum discussing how to finance the low-carbon transition.