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Red Sea shipping costs rising after Houthis target more commercial vessels
War risk premiums have risen this week to between 0.1%-0.15% to...
Infrastructure faces $600 billion hit in worst-case climate shift – study
The researchers describe this worst-case scenario in terms of...
Floods, landslides kill 23 in Nepal, dozens missing
In the southern plains bordering India, the Koshi river, which causes deadly floods in the eastern Indian state of Bihar almost every year, was flowing above the danger level, police said.
Landslides and flash floods are common occurrence in mountainous Nepal during the June-September monsoon every year.
Pandemic exposes scientific rift over proving when germs are airborne
WHO still insists on more definitive proof that the novel coronavirus, which causes the respiratory disease COVID-19, can be transmitted through the air, a trait that would put it on par with measles and tuberculosis and require even more stringent measures to contain its spread.
Pandemic-proofing: Insurance may never be the same again
Marsh, the world’s biggest insurance broker, has teamed up with AXA XL, part of France’s AXA,and data firm Arity, which is part of Allstate, to help businesses such as U.S. supermarket chains, restaurants and e-commerce retailers cope with the challenges of social distancing.
Tech firm Machine Cover, for example, aims to offer policies next year that would give relief during lockdowns. Using apps and other data sources, the Boston-based company measures traffic levels around businesses such as restaurants, department stores, hairdressers and car dealers
COVID-19 pandemic in Africa is now reaching ‘full speed’
Johannesburg: The coronavirus pandemic in Africa is reaching full speed and it's good to prepare for the worst-case scenario, the Africa Centers for Disease Control and Prevention chief said Thursday, after a South African official said a single province is...
Billion-dollar June hail event becomes one of Canada’s costliest severe weather events on record, Aon cat report
Meanwhile, several severe weather outbreaks in the United States in June resulted in an economic loss exceeding USD2.3 billion. The costliest event was a prolonged weather pattern from June 5-11 across much of the eastern two-thirds of the United States that caused total economic losses estimated at USD800 million, of which more than USD600 million was insured.
Business interruption insurance claims are a worry, BoE says before court rules
Britain’s Financial Conduct Authority goes to court this month to clarify whether an array of wordings in business interruption insurance policies back claims for compensation for disruptions caused by pandemic lockdowns.
AXA’s fund arm sets 33% gender diversity target on company boards
The asset management unit of French insurer AXA said on Wednesday it will also introduce a target to have at least one woman on listed company boards in Japan and in emerging markets, or 10% for larger boards.
Chubb wants U.S. to offer businesses pandemic cover, with insurers taking some risk
Under Chubb’s plan, the government would offer up to $750 billion in coverage for small businesses with up to 500 employees. Of that, the industry would pay for 6% of claims, or up to $15 billion, during the program’s first year, growing annually to 12% by year 20. COVID-19, the disease caused by the novel coronavirus, would be excluded.
Global coronavirus cases rise to more than 12 million
There have been more than 546,000 deaths linked to the virus so far, within the same range as the number of yearly influenza deaths reported worldwide. The first death was reported on Jan. 10 in Wuhan, China before infections and fatalities surged in Europe and then later in the United States
Munich Re’s digital solution to power Generali Indonesia for selling life insurance
Generali Indonesia selects Munich Re Automation Solution’s ALLFINANZ SPARK to streamline the paperless process and enhance the customers’ experience