The jump is the result human-induced pollution, plus the El Niño...
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Hedge funds rake in huge profits betting on catastrophe risk
The best hedge fund strategy of 2023 was a bet on insurance-linked...
Russian charter flight with 6 people disappears over Afghanistan; crash reported
Russian aviation authorities said in a statement the plane was a...
Dam collapse in China could point to a ‘black swan’ disaster
But climate change is bringing a new normal of extremes and flood-risk policies decided a decade or two ago are no longer sufficient, said Benjamin Horton, director at the Earth Observatory of Singapore.
“What really needs to happen is to work with the ecosystems,not against them by building dams,by extending flood wetlands and flood plains and allowing the water to naturally mix with the environment,”he said.
EU makes world’s biggest ‘green recovery’ pledge – but will it hit the mark?
The money represents a 30% share of a mammoth package, comprising a 1.074 trillion euro EU budget for 2021-27 and a 750 billion euro coronavirus recovery fund. Leaders also agreed that even those parts of the overall package not specifically earmarked for climate spending must “do no harm” to the EU’s goal to become climate neutral by 2050.
China offers more financial support for flood-hit areas
Separately, the CBIRC urged insurers to properly perform investigations and claims settlement and arrange financial resources in advance to help flood-hit companies and people resume production and normal lives in a timely manner.Large parts of China were reeling on Friday from the worst floods in decades, which destroyed homes and affected millions of people.
Insurers should pay UK businesses over ‘cataclysmic’ pandemic, court hears
A ruling against the insurers could mean tens of millions of dollars in additional claims, hitting a sector that is already facing its biggest test to date. Lloyd’s of London, the world’s largest insurance exchange, estimated the global pandemic could cost insurers more than $200 billion.
Twitter says attackers downloaded data from up to 8 non-verified
Hackers may have also attempted to sell the user names of some of the accounts, it said.
The high-profile accounts that were hacked also included rapper Kanye West, Amazon.com founder Jeff Bezos, investor Warren Buffett, Microsoft co-founder Bill Gates, and the corporate accounts for Uber and Apple.
In its latest statement, Twitter said attackers “manipulated a small number of employees” to gain access to the internal support tools used in the hack.
Southeast Asia budget airline boom turns sour for planemakers, lessors
With borders shut and economic growth stunted, a return to the low-cost international travel needed for them to afford all of the planes they have on order looks increasingly doubtful – a worrying sign for the companies that make and lease aircraft.
Wave of promising study results raises hopes for coronavirus vaccines
“It’s encouraging that all these vaccines seem to induce antibodies in people,” said former World Health Organization (WHO) assistant director-general Marie-Paule Kieny of the French research institute Inserm. “This proves that the science is moving forward very quickly, which is a good sign.”
U.S.accuses Chinese nationals of hacking spree for COVID-19 data, defense secrets
As early as Jan. 27, as the coronavirus outbreak was coming into focus, the hackers were trying to steal COVID-19 vaccine research of an unidentified Massachusetts biotech firm,
First human trial of AstraZeneca COVID-19 vaccine shows promise
Researchers said the vaccine caused minor side effects more frequently than a control group, but some of these could be reduced by taking paracetamol, with no serious adverse events from the vaccine.
Verisk launches Life Risk Navigator Software Platform
“As the life insurance industry undergoes a digital transformation, the demand for modern analytics platforms has grown significantly,.Life Risk Navigator brings together a robust modeling suite and allows organizations to streamline their pricing, ERM, and portfolio optimization workflows into a single platform.”” said Maroun Mourad, president, global underwriting at Verisk. “