''Given that El Nino usually has the biggest impact on global...
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Cockpit window crack forces ANA Boeing flight in Japan to turn back
The crack appeared in the outermost of the four layers of window...
Ukraine in talks with Marsh on war risk insurance for air transport
Air traffic over Ukraine has been suspended since Russia’s...
Climate change, COVID-19 stoke wildfire’s economic risk, Fed says
Wildfire risk is a combination of the likelihood of a big fire happening – which climate scientists have shown has been rising as the planet warms – and the economic destruction, in terms of lives and livelihoods destroyed that it could cause.
S&P slashes emerging market forecasts,warns of permanent scars
All emerging economies would suffer lasting contractions from the pandemic. It said the gap relative to the pre-coronavirus GDP path could be as large as 11% of output in India, 6%-7% in most of Latin America and South Africa, 3%-4% in most of Emerging Europe, and 2% in Malaysia and Indonesia.
WHO reports record daily increase in global coronavirus cases, up over 230,000
The biggest increases were from the United States, Brazil, India and South Africa, according to a daily report. The previous WHO record for new cases was 228,102 on July 10. Deaths remained steady at about 5,000 a day.
Coronavirus bringing record $1 trillion of new global corporate debt in 2020 – report
“COVID has changed everything,” said Seth Meyer, a portfolio manager at Janus Henderson, the firm that compiled the analysis for a new corporate debt index. “Now it is about conserving capital and building a fortified balance sheet”.
China’s bank and insurance sectors facing rises in non-performing assets – regulator
Asset quality at some small and medium-sized financial institutions is deteriorating due to the coronavirus pandemic, the regulator said in a statement on its website.
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.