PricewaterhouseCoopers said on its social media account last month...
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Google settles $5 billion consumer privacy lawsuit
The plaintiffs alleged that Google’s analytics, cookies and apps...
Jan 1 renewals: Orderly reinsurance market with increasing capital, says Guy Carpenter
Global property catastrophe reinsurance risk-adjusted rate changes...
Insured losses for Hurricane Sally between USD 1-3 billion:AIR Worldwide
Included in AIR’s estimates are losses to onshore residential, commercial, and industrial properties and automobiles for their building, contents, and time element coverage.
Airbus unveils concepts for hydrogen-powered plane
Airbus AIR.PA has set itself a deadline of 2035 to put a carbon-free commercial aircraft into service, a target engine makers like Safran SAF.PA have described as ambitious.
U.S. nears grim milestone of 200,000 COVID-19 deaths
The University of Washington’s health institute is forecasting coronavirus fatalities reaching 378,000 by the end of 2020, with the daily death toll skyrocketing to 3,000 per day in December.
Over 70% of those in the United States who have lost their lives to the virus were over the age of 65, according to CDC data.
The southern states of Texas and Florida contributed the most deaths in the United States in the past two weeks and were closely followed by California.
California, Texas and Florida – the three most populous U.S. states – have recorded the most coronavirus infections and have long surpassed the state of New York, which was the epicenter of the outbreak in early 2020. The country as a whole is reporting over 40,000 new infections on average each day and saw cases last week rise on a weekly basis after falling for eight weeks in a row.
HSBC HK shares drop to lowest since 1995, StanChart falls after ‘FinCEN’ leak
HSBC shares in Hong Kong fell as much as 4.4 per cent to HK$29.60 on Monday morning, the lowest since May 1995, while StanChart dropped as much as 3.8 per cent to HK$35.80, the lowest since May 25 this year.
The revelations underscore challenges for regulatory and financial institutions trying to stop the flow of dirty money despite billions of dollars of investments and penalties imposed on banks in the past decade.
World’s top companies urge action on nature loss ahead of U.N. talks
“Healthy societies, resilient economies and thriving businesses rely on nature. Governments must adopt policies now to reverse nature loss in this decade,” the companies said in a statement.
Others to sign included IKEA, Unilever and AXA .
Business for Nature, the coalition which organised the statement, said it was the first time so many companies had issued a joint call emphasising the crucial role healthy ecosystems play in human well-being.
Iranian hackers found way into Encrypted Apps, Researchers say
t the hackers have successfully infiltrated what were thought to be secure mobile phones and computers belonging to the targets, overcoming obstacles created by encrypted applications such as Telegram and, according to Miaan, even gaining access to information on WhatsApp. Both are popular messaging tools in Iran. The hackers also have created malware disguised as Android applications, the reports said.
Insurers should pay quickly after UK pandemic ruling: Watchdog
“Our objective remains to ensure that slow payment does not exacerbate financial pressures on policyholders,” the letter from Interim Chief Executive Christopher Woolard said, adding that the FCA could use its regulatory powers if it thought insurers were acting too slowly.
The lawsuit has attracted a lot of attention because it is estimated to affect 370,000 businesses, 60 insurers and billions of pounds in insurance claims.
Businesses call on U.S. insurers to ditch fossil fuel underwriting
“The insurance industry is underwriting and investing in fossil fuels which we now know are the key drivers of climate change,” they said.”As insurance customers, we are therefore expressing our desire for insurance coverage in the U.S. market that isn’t tied to supporting fossil fuels and actively supports renewable energy.”
U.S. insurers reported almost $7 trillion in cash and invested assets, according to the National Association of Insurance Commissioners.
Covid-19 may lead to decline in life expectancy globally, study finds
At prevalence rates of only 2 per cent, the disease could cause a drop in life expectancy in countries where average life expectancy is high — roughly around 80 years.
At 10 per cent prevalence, the loss in life expectancy is likely to be above one year in high life-expectancy countries such as those in Europe and North America,
At 50 per cent, it would translate into three to nine years of life lost in high life-expectancy regions. In less developed regions, the impact is smaller given that there is already lower survival at older ages.
Russia approves 1st COVID-19 prescription drug for sale In pharmacies
R-Pharm’s announcement is another sign Russia is pushing hard to take a global lead in the race against the virus. It is already exporting its COVID-19 tests and has clinched several international deals for supplies of its Sputnik-V vaccine.