Releasing the data, the International Air Transport Association...
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Singapore faces shrinking population, total fertility rate falls below 1 per cent for first time, says Minister
Singapore is confronted with the "twin demographic challenges of a...
Fast-growing Asian economies China, India,Thailand and Philippines most vulnerable to climate change: Swiss Re Report
Risk reduction through adaptation fosters insurability. The...
Honda to quit F1 to focus on zero-emission technology
“This is not a result of the coronavirus pandemic but because of our longer-term carbon-free goal,” Chief Executive Takahiro Hachigo said.Like other automakers, Honda is rushing to build new-energy vehicles in an industry shift that Hachigo on Friday described as “once in a century”. That race is accelerating amid the coronavirus outbreak as carmakers review production plans to capture market share with new models including low or zero-emission vehicles.
Pandemics overtakes climate change as biggest worry for insurers
COVID-19 is proving to be a major challenge for insurers, especially those that provide cover for canceled events such as sports matches and concerts. Disputes over coverage have led some policyholders to take legal action, with AXA recently losing a lawsuit against five restaurant operators. The insurer said it will appeal the ruling.
U.S. Treasury warns cyber insurers payments to hackers may violate sanctions
The average ransomware payment jumped by 60% to $178,254 between the first and second quarters, according to Coveware a firm that helps negotiate and facilitate cyber ransom payments.
Sophisticated insurers and financial institutions are already aware of the sanctions concern, said Sumon Dantiki, a King & Spalding LLC lawyer who advises on national security and cyber matters.
France needs new pandemic business insurance law – minister
“The state is not going to pick up the tab for businesses’ operating losses each time there’s a new pandemic,” Le Maire said in an online interview session with Le Monde newspaper.
France urges parts review after Airbus A380 engine blowout
France’s BEA agency made the recommendation in a final report into the accident in which an Air France jet carrying more than 500 passengers lost the front section of one of its four engines while flying over Greenland, before landing safely in Canada.
The move follows a perilous investigation involving a 21-month international aerial and ground search across the ice sheet to find a crucial titanium alloy fragment, buried 3 metres below the surface and just a metre away from a hidden crevasse.
UK regulator, insurers, brace for Supreme Court battle over COVID-19 case
The Financial Conduct Authority (FCA) had set a late Wednesday deadline for talks with insurers, such as QBE and RSA, to ensure eligible business interruption (BI) claims would be paid speedily, after the High Court ruled that thousands had been wrongly rejected.
COVID-19 controls turn Asia into global surveillance hotspot, analysts say
“Asia as a region risks sleep-walking into serious privacy breaches if there isn’t transparency when it comes to data use with respect to COVID-19 surveillance measures,” said Sofia Nazalya, a human rights analyst at Verisk Maplecroft.
No clear link between school opening and COVID surge, study finds
IfE found that 52 countries that sent students back to school in August and September – including France and Spain – saw infection rates rise during the vacation compared to when they were closed.
In Britain and Hungary, however, infection levels dropped after initial school closures, remained low during the holidays, and began rising after reopening.
The vast majority – 92% – of countries that are through their first wave of COVID-19 infections have started to reopen school systems, even as some are seeing a second surge.
Risk aversion sets in after Trump tests positive for coronavirus
Taking to Twitter, he wrote, “Tonight, @FLOTUS and I tested positive for Covid-19. We will begin our quarantine and recovery process immediately. We will get through this together.
IFRS Foundation Trustees consult on global approach to sustainability reporting
London: Amid heightened focus on environmental, social and governance (ESG) matters, developments in sustainability reporting and increased calls for standardisation of such reporting, the The Trustees of the IFRS Foundation are now seeking stakeholder...