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Global insured losses from severe thunderstorms reach new all-time high of USD 60 billion in 2023, Swiss Re
Jérôme Jean Haegeli,Chief Economist, Swiss Re A high number of...
IFC,DFC and African Risk Capacity launch reinsurance fund to protect African smallholders impacted by climate crisis
Despite these increasing risks, subsidized agri-insurance is only...
Australia to spend US$1.2b on cyber security for private sector after rise in attacks
Cyber attacks on businesses and households are costing about A$29 billion $20.83 billion) or 1.5% of Australia’s gross domestic product (GDP), Morrison told reporters in Canberra.
Much of Australia’s cyber policy to date has focused on bolstering the defenses of government agencies after an attack on the parliament in 2019, but malicious cyber activity is increasing against small and medium businesses, universities and households,Australian Prime Minister Scott Morrison said.
Fauci warns COVID-19 vaccine may be only partially effective, public health measures still needed
“We don’t know yet what the efficacy might be. We don’t know if it will be 50% or 60%. I’d like it to be 75% or more,” Fauci said in a webinar hosted by Brown University. “But the chances of it being 98% effective is not great, which means you must never abandon the public health approach.”
UN reports sharp increase in cybercrime during pandemic
We know that terrorists are exploiting the significant disruption and economic hardships caused by COVID-19 to spread fear, hate and division and radicalise and recruit new followers, the UN counterterrorism chief Vladimir Voronkov said.
The increase in internet usage and cybercrime during the pandemic further compounds the problem.
Supply Chain risk grows as weary crews halt ships and clog ports
According to the International Chamber of Shipping, about 250,000 seafarers are stuck at sea at increasing risk of physical and mental exhaustion. This could have an impact on safety as fatigue raises the risk of human error and accidents, said Ralph Leszczynski, head of research at shipbroker Banchero Costa & Co.
Beirut’s accidental cargo: how an unscheduled port visit led to disaster
The captain and lawyers acting for some creditors accused the ship’s owner of abandoning the vessel and succeeded in having it arrested. Months later, for safety reasons, the ammonium nitrate was unloaded and put in a dock warehouse.
On Tuesday, that stockpile caught fire and exploded not far from a built-up residential area of the city. The huge blast killed 145 people, injured 5,000, flattened buildings and made more than a quarter of a million people homeless.
The ship might have succeeded in leaving Beirut, had it managed to load the additional cargo.
University of Washington forecasts 300,000 U.S. COVID-19 deaths
“We’re seeing a rollercoaster in the United States. It appears that people are wearing masks and socially distancing more frequently as infections increase, then after a while as infections drop, people let their guard down,” Dr Christopher Murray, director of the IHME, said in announcing the university’s revised forecast.
The U.S. death toll from COVID-19 stands at more than 159,000, the most of any country in the world, with nearly 4.9 million known cases
Facebook’s dilemma: How to police claims about unproven COVID-19 vaccines
Determining what constitutes a false claim regarding the COVID-19 shot is much harder than fact-checking a claim about an established vaccine with a proven safety record, Facebook fact-checkers told Reuters.
“There is a lot of content that we see and we don’t even know what to do with it,” echoed Emmanuel Vincent, founder of Science Feedback, another Facebook fact-checking partner, who said the number of vaccines in development made it difficult to debunk claims about how a shot would work.
Aviva’s new CEO to cut focus on Asia and Europe
Blanc took over last month to become the insurance company’s third chief executive in less than two years. Analysts have said the insurer is operating in too many countries and sectors, and its shares have lagged rivals.
Aviva will instead focus on Britain, Ireland and Canada, the company said.
S.African regulator working to clarify companies’ rights in pandemic insurance claims
Several lawsuits have been filed by individual firms, mostly in tourism and hospitality, after they were told by insurers that their policies did not cover coronavirus lockdowns.
US lifts Covid-19 travel advisory;urges citizens not to visit India, China
India remains on the Level 4 of the travel advisory along with more than 50 countries, including China. This means that the US urged its citizens not to travel to India due to the increasing coronavirus cases.