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Reinsurer Scor made aware of attempted fraud
“Scor urges you to be extremely vigilant and not to respond without...
T-shirt weather in December is a sign of what winter has in store
“Due to this year’s El Niño being quite strong, its influence...
Covid 19 Pandemic:Generali launches a new system for remote facility inspection for large companies
• Generali Global Corporate & Commercial Iberia & LatAm has developed an exclusive remote facility inspection system available on mobile
• This innovative solution simplifies processes for clients and brokers contingent on Covid pandemic travel bans
• The inspection system has been set up on a permanent basis for risk management and analysis
Australian Bushfires cause insured Losses of S$1.3B: PERILS
The industry loss data cover the peak period for the bushfires which occurred during the turn of the year, said PERILS, noting that the figure is based on detailed loss data collected from the vast majority of the Australian insurance market.
As insurers face hefty pandemic losses,newcomers see chance to step in
A lot of firms are reducing the amounts of business they do in certain types of insurance, creating space for new entrants, said Convex deputy chief executive Paul Brand.Investors’ appetite for higher returns when central banks are putting in trillions of dollars in stimulus is attracting them to insurance.Broker Hyperion estimates around $16 billion in capital has already been raised by insurers this year, compared with $9 billion over the same period last year.
Siberian temperatures hit June record, fires spread: EU data
The World Meteorological Organization is also seeking to confirm reports of a temperature reading of more than 100°F (38°C) in Siberia, which would be the highest temperature recorded north of the Arctic Circle.
“What is worrisome is that the Arctic is warming faster than the rest of the world,” said Carlo Buontempo, director of the Copernicus Climate Change Service.
WHO acknowledges ‘evidence emerging’ of airborne spread of COVID-19
Speaking at Tuesday’s briefing in Geneva, Benedetta Allegranzi, the WHO’s technical lead for infection prevention and control, said there was evidence emerging of airborne transmission of the coronavirus, but that it was not definitive.
“…The possibility of airborne transmission in public settings – especially in very specific conditions, crowded, closed, poorly ventilated settings that have been described, cannot be ruled out,” she said.
COVID-19 cases hit 5.9 million in Americas, half in Latin America, Caribbean: WHO
Some of Latin America’s most persistent problems have contributed to the scale of the pandemic in the region, Etienne said: inequality, political division and health systems that have been weakened by years of under-investment.
Chinese city sounds alert for Bubonic Plague amid second wave Of Covid-19
Bubonic plague is a bacterial disease that is spread by fleas living on wild rodents such as marmots. It can kill an adult in less than 24 hours if not treated in time, according to the World Health Organization (WHO).
The news of bubonic plague came after Chinese researchers issued an early warning over another potential pandemic caused by an influenza virus in pigs.
WHO reviewing report urging new guidance over airborne spread of coronavirus
Any change in the WHO’s assessment of risk of transmission could affect its current advice on keeping 1-metre (3.3 feet) of physical distancing. Governments, which rely on the agency for guidance policy, may also have to adjust public health measures aimed at curbing the spread of the virus.
UK watchdog ask Big Four accountants to ring fence audit by June 2024
Audit practice culture should encourage ethical behavior, openness, teamwork, challenge and professional skepticism and judgment, it said.
Aviva appoints Amanda Blanc as Chief Executive Officer
Amanda Blanc, Chief Executive Officer of Aviva, said:“I want Aviva to be the leader in our industry again and the first choice for our customers and partners. My focus will be on achieving that for the benefit of all of our stakeholders.We will look at all our strategic opportunities, and at pace. I have been on the Aviva Board since the start of this year and have a good understanding of where the business has its strengths and what actions we should take across our portfolio”