Deforestation increased by 4% worldwide in 2022 compared with 2021,...
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China crackdown on cyber scams in Southeast Asia nets thousands but leaves networks intact
The problem is an embarrassment for Beijing and is discouraging...
Aviation war insurers cancel some cover for Israel, Lebanon
“Insurers want regular updates – each airline has a different risk...
Passenger sues United Airlines over refusal to refund airfare despite U.S. order
Airline passengers throughout the U.S. are increasingly taking to social media to air their frustration at not being able to get refunds for trips canceled amid the coronavirus pandemic. The U.S. Department of Transportation on Friday reminded carriers that they are required to reimburse fliers for fares and fees.
Global supply chains strained as ship crews are stuck in Lockdown
Hubs like Singapore, Abu Dhabi and Shanghai have halted most crew transfers, while global lockdowns have complicated travel from the Philippines, which supplies about a quarter of the world’s seafarers.
At risk is the flow of goods like food, medicine and energy via commercial shipping, which accounts for about 80% of global trade. While unseen by most consumers, restrictions on crews are among the unprecedented challenges wrought by the virus, which has ground major economies to a halt.
COVID-19 victim in Illinois sues Walmart for negligence
According to the complaint, Walmart did not follow guidelines issued by the Centers for Disease Control and Prevention and the U.S. Department of Labor for maintaining safe workplaces, such as implementing social distancing.
Walmart also hired new workers in an expedited process without properly screening them for symptoms of COVID-19, Evans’ estate says.
Trump says WHO is China-centric, ‘really blew it’ on coronavirus
“The W.H.O. really blew it,” Trump said in a Twitter post. “For some reason, funded largely by the United States, yet very China centric. We will be giving that a good look. Fortunately I rejected their advice on keeping our borders open to China early on. Why did they give us such a faulty recommendation?”
Markel International appoints 2 marine underwriters in Asian markets
Nitin and Danielle will both be responsible for developing Markel’s Asia marine underwriting expertise in the Indian and Hong Kong markets respectively, working closely with Colin Fordham, Director of Markel in Asia and leader of Markel’s growing marine presence in the region.
Japan to declare coronavirus emergency, launch stimulus of almost $1 trillion – PM
Abe also said the government will launch a stimulus package of about 108 trillion yen, including more than 6 trillion yen for cash payouts to households and small businesses and 26 trillion yen to allow deferred social security and tax payments.
Thai insurer’s Coronavirus cover draws ‘Overwhelming’ demand
Since it began selling policies in February, TQM Corp. — together with insurance partners that include Bangkok Insurance Pcl and Dhipaya Insurance Pcl — has sold more than 1 million plans for infection by the virus, company President Unchalin Punnipa said Thursday. Policies cost between 439 baht ($13.31) and 1,250 baht for one-year coverage of as much as 1 million baht for medical treatment and compensation if holders contract the disease, according to the company’s website.
Caronavirus Pandemic:Aviation cover cost up by 20-25%
Singapore has the largest number of planes standing idle at airports, at 205, with Hong Kong second at 178, the report by insurance broker Gallagher said.
There are 158 planes on the ground in Madrid though only 40 in New York, with planes at the world’s 20 biggest airports having a total insured value of $164 billion.
Insurers globally say forced payouts for excluded virus losses risk destabilizing industry
The Global Federation of Insurance Associations (GFIA) said insurers were committed to paying out on policies but said they should not be asked to cover areas where no contract existed.
Britain unlikely to lift coronavirus lockdown until end of May: Govt expert
Almost one million people have applied for welfare benefits in just two weeks in Britain, according to official data that shows the economy is set for a depression that could be worse than the slump in the 1930s.