Mikir Shah, CEO, Africa Specialty Risks ASR Syndicate 2454 aims to...
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AXA explores $1.1 bln disposal of European protection businesses -sources
The transaction could include businesses in France, Italy, Spain...
Rising war risks prompt property insurers to rethink cover
“There’s a chance that the reaction to Ukraine and others is going...
U.S. Drug Regulator vows outside review of any COVID-19 vaccines
U.S. Food and Drug Administration Commissioner Stephen Hahn said COVID-19 vaccine candidates will be reviewed according to established legal and regulatory standards for medical products, including by an outside advisory committee.
Companies risk losing a year’s profit from collapse of supply chains,says McKinsey
he New York-based consultancy, in a report that analyzes 325 companies in 13 industries, quantifies what corporate number crunchers have sensed since the tsunami struck Japan in 2011: that man-made and natural disasters are getting more severe, frequent and costly, and that supply chains spanning the globe need to adapt to reduce exposure to threats to business survival.
U.S. NOAA raises predicted number of tropical storms to a record 25
Google turns Android phones into earthquake sensors; California to get alerts
eismology experts consulted by Google said turning smartphones into mini-seismographs marked a major advancement, despite the inevitably of erroneous alerts from a work in progress, and the reliance on a private company’s algorithms for public safety. More than 2.5 billion devices, including some tablets, run Google’s Android operating system.
“We are on a path to delivering earthquake alerts wherever there are smartphones,” said Richard Allen, director of University of California Berkeley’s seismological lab and visiting faculty at Google over the last year.
WHO decries ‘vast global gap’ in funds needed to fight coronavirus
World Health Organization chief Tedros Adhanom Ghebreyesus said the WHO was only “10% of the way” to funding the billions of dollars required.
“For the vaccines alone, over $100 billion will be needed,” Tedros said. This sounds like lot of money and it is.
“But it’s small in comparison to the $10 trillion that have already been invested by G20 countries in fiscal stimulus to deal with the consequences of the pandemic so far.”
Oil spill threatens ecological disaster as Mauritius declares emergency
“Thousands of species around the pristine lagoons of Blue Bay, Pointe d’Esny and Mahebourg are at risk of drowning in a sea of pollution,with dire consequences for Mauritius’ economy, food security and health,” Greenpeace said in a statement.
UK insurers set for large rise in business interruption claims,says GlobalData
While there have been some legal disputes, business interruption claims are still estimated to be very high, with the ABI forecasting over 75% of claims in 2020 to be business interruption related. However, strong regulation should help to protect leading insurers in the short-term
Insured losses from Beirut blast seen around $3 billion: sources
Munich Re said this week the explosion would likely result in big claims, but it could not yet give an estimate.
AXA and Allianz , two major international insurers operating in Lebanon, also said it was too soon to give any figures.
20GB Intel data with key chip secrets leaked, probe on
The folder which is circulating wildly on social media has been billed as “Intel exconfidential Lake Platform Release ;)” and was originally posted on the mobile messaging platform Telegram.
“The information appears to come from the Intel Resource and Design Center, which hosts information for use by our customers, partners and other external parties who have registered for access. We believe an individual with access downloaded and shared this data,” the company was quoted as saying in the report.
World’s three hottest Julys happened in the last five years
In the Arctic, which has been warming at more than twice the global rate in recent decades, the expanse of sea ice shrank to its lowest level recorded for any July since 1979. The data service said satellite images reveal ice-free conditions “almost everywhere” along the Siberian coastline – a shipping route that, until a few years ago, could be crossed only with an ice-breaking vessel.