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Nord Stream sues insurers in London over 2022 pipeline blasts
Nord Stream AG names Lloyd’s Insurance Company and Arch Insurance...
Tesla, rivals get low marks for automated-driving technology
The US based IIHS, a safety research arm of the insurance industry,...
Moderna to ask US, European regulators to OK its vaccine for emergency use
Moderna created its shots with the U.S. National Institutes of Health and already had a hint they were working, but said it got the final needed results over the weekend that suggest the vaccine is more than 94% effective.
Moderna is just behind Pfizer and its German partner BioNTech in seeking to begin vaccinations in the U.S. in December. Across the Atlantic, British regulators also are assessing the Pfizer shot and another from AstraZeneca.
Swiss Re to set up new fund for institutional and designated investors to access Nat Cat biz
Martin Bisping, CEO of Swiss Re Insurance-Linked Investment Management said: “This new fund will open a unique opportunity for investors to invest in the same book of business as Swiss Re, benefitting from Swiss Re’s global reach, client access, risk knowledge and underwriting.“
Russian hospital says it began civilian coronavirus vaccinations last week
Domodedovo’s Central City Hospital said on its website that residents wanting for inoculation had to register on a government website in advance and bring along a negative COVID-19 test result and ID documents on the day.
Pandemic Motors: Europeans snap up old cars to avoid public transport
The surge in interest in used cars is neither good news for struggling mass transit networks nor the environment as dirty old cars appear to be more in demand than new electric vehicles.
In the longer term, however, the shift away from public transport towards “individual mobility” in the pandemic era is expected to help carmakers, hit by a 27% slump in new vehicle sales across Europe in the first 10 months of 2020.
Insurers winning most, but not all, Covid-19 business interruption lawsuits
The stakes are high for thousands of businesses. The outbreak has led to a surge in U.S. bankruptcies, including rental-car company Hertz Global Holdings Inc. Century 21 Stores said it couldn’t survive after its insurer denied its business-interruption claim.
But the pandemic is also squeezing insurers. In the second quarter — after the initial shutdowns — Chubb Ltd. reported $1.16 billion in Covid-19 losses. Munich Re said this month coronavirus losses keep growing. Overall, the industry could face at least $100 billion in total underwriting losses from the pandemic, Lloyd’s of London predicted in May.
Tokyo 2020 organisers estimate Games postponement cost $1.9 billion – media
The postponement costs include payment to staff as well as the introduction of new systems for refunding tickets but do not include measures against the spread of the coronavirus, the newspaper said.
The organisers had originally estimated that the delay would cost nearly 300 billion yen but they were able to reduce that figure by simplifying some events, the report said.
Hacker selling CEO, CFO email accounts for as less as Rs 7,400
The data is being sold on a closed-access underground forum for Russian-speaking hackers called exploit.in”.
The high-level employees at risk include chief executive officers, chief operating officers, chief financial officers, chief marketing officers, chief technology officers, presidents, vice presidents and company directors, among others.
Tesla could widen release of ‘self-driving’ software in two weeks
In October, Tesla released a beta, or test version, of what it calls a “Full Self Driving” software upgrade to an undisclosed number of “expert, careful” drivers.
WHO says would be ‘highly speculative’ to say COVID did not emerge in China
China is pushing a narrative via state media that the virus existed abroad before it was discovered in the central city of Wuhan, citing the presence of coronavirus on imported frozen food packaging and scientific papers claiming it had been circulating in Europe last year.
“I think it’s highly speculative for us to say that the disease did not emerge in China,” Mike Ryan said at a virtual briefing in Geneva after being asked if COVID-19 could have first emerged outside China.
UK regulator set to approve COVID-19 vaccine next week – FT
The government asked the regulator on Friday to assess AstraZeneca Plc’s COVID-19 vaccine for a possible rollout. It has secured 100 million doses of the vaccine developed by AstraZeneca and Oxford University and has targeted a rollout to begin before Christmas.