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Slumping EV prices force carmakers to repay leasing firms
Leasing companies are demanding concessions from EV makers,...
Lockbit cybercrime gang faces global takedown with indictments and arrests
LockBit ransomware group remains a key player in today's threat...
Moscow rolls out Sputnik V COVID-19 vaccine to most exposed groups
Scientists have raised concerns about the speed at which Russia has worked, giving the regulatory go-ahead for its vaccines and launching mass vaccinations before full trials to test its safety and efficacy had been completed.
WHO looks at possible ‘e-vaccination certificates’ for travel
“We are looking very closely into the use of technology in this COVID-19 response, one of them how we can work with member states toward an e-vaccination certificate,” said Siddhartha Datta, Europe’s WHO programme manager for vaccine-preventable diseases, told reporters on a call from Copenhagen.
Global reinsurance sector outlook stable on hardening market:Fitch
Changes in reinsurance terms and conditions, notably the exclusion of pandemic cover in new and renewed contracts, should progressively reduce the potential for future property and casualty reinsurance claims stemming from the pandemic. Nevertheless, the uncertainty around ultimate losses from the pandemic remains high.
Re/Insurance firm Vantage announces launch
Hendrick said, “2020 has reinforced the riskier nature of our world and the re/insurance markets. Risk changes constantly, and we in the insurance industry must demonstrate our ability to evolve with it, to offer clients coverage that meets their current challenges. To do that, we brought together some of the brightest, most experienced minds in re/insurance to approach the new world of risk in a fresh way — with curiosity at its core and creativity as its engine. At Vantage, we will address the risks others avoid with smart technology and robust analytics.”
Pfizer says supply chain challenges contributed to slashed target for COVID-19 vaccine doses in 2020
A company spokeswoman said the “scale-up of the raw material supply chain took longer than expected.
She also cited later-than-expected results from Pfizer’s clinical trial as a reason for the smaller number of doses expected to be produced by the end of 2020.
WHO hopes to have 500 million vaccine doses via COVAX scheme in first-quarter 2021 – chief scientist
“The goal is to get at least 2 billion doses by end of 2021 which will be enough to vaccinate 20% of the populations of countries that are part of COVAX,” chief scientist Soumya Swaminathan told a Geneva news conference.
Italian regulator probes Allianz, Generali and UnipolSai over car claims
The regulator said the top European three companies had allegedly made it difficult for clients to properly access accident files. This might have hampered claims and masked the criteria for quantifying compensation, it added
Reinsurer Conduit rises 5% after pricing $1.1 billion London IPO
Insurers and reinsurers have faced hefty claims in relation to the coronavirus pandemic.
But this has also encouraged new and returning players into the market, who can capitalise on rising premium rates without the burden of existing loss-making business lines.
Inigo Insurance Group to start underwriting at Lloyd’s in January
“The Lloyd’s market promises to be an exciting place in 2021 and I am delighted we are going to be a part of it. This is a great opportunity to build a highly focused business, which attracts good underwriters and gives them the freedom, and the tools to succeed,” he added.
Automakers unveil proposals to speed U.S. self-driving deployment
Self-driving cars suffered a major setback after the March 2018 death of a pedestrian in a crash with an Uber test vehicle, the first attributed to a self-driving car. The National Transportation Safety Board said in the Uber crash review that U.S. regulators should ensure automated vehicles have appropriate safeguards.