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Boeing to pause 737 production for quality stand down on Jan 25
During the stand down, employees will attend quality workshops and...
Australia imposes sanctions on Russian hacker over Medibank breach
This is the first time Australia has used its cyber sanctions...
Toyota Insurance Services to join Swiss Re ADAS risk platform
The ADAS risk score was launched by Swiss Re and BMW Group in 2019 with the aim of solving this issue and developing a vehicle-specific insurance rating that primary insurers worldwide can use to calculate insurance premiums, taking safety-relevant driver assistance systems into account.
On the journey towards autonomous vehicles, cars are increasingly equipped with advanced driving assistance systems (ADAS) that actively support the driver in avoiding accidents. Insurers face the challenge of knowing which ADAS features are installed in a vehicle, what their impact on safety is, and to what extent drivers use them.
Carbon emissions of richest 1% more than double the emissions of the poorest half of humanity:Oxfam
The report assesses the consumption emissions of different income groups between 1990 and 2015 – 25 years when humanity doubled the amount of carbon dioxide in the atmosphere. It found:
The richest 10 percent accounted for over half (52 percent) of the emissions added to the atmosphere between 1990 and 2015. The richest one percent were responsible for 15 percent of emissions during this time – more than all the citizens of the EU and more than twice that of the poorest half of humanity (7 percent).
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.