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Yale University settles lawsuit alleging it pressured students with mental health issues to withdraw
Under the agreement, Yale will modify its policies regarding...
US Indian national pleads guilty to defrauding telephone providers insurance firms of millions of dollars
According to documents, from June 2013 through June 2019, Bhavsar...
Aon aligns leadership team, appoints Andersen as President
Most recently, Aon has entered a new phase of its Aon United growth strategy with the rollout of a single colleague mission called the Aon Impact Model, the scaling of its Delivering Aon United client value and sales effectiveness program, the development of the Aon Business Services platform to improve delivery of middle- and back-office client services and the formation of the firm’s New Ventures Group to drive innovation at scale and expand its addressable market.
Dow plunges over 800 points as coronavirus cases spike outside China
On Monday, fears that the coronavirus outbreak in China will grow into a pandemic with disruptive and deadly consequences for countries across the globe spooked most equity markets. The virus, which has killed 2,442 people in China, has reportedly spread to 28...
Saudi Arabia’s regulator plans to raise capital requirements for insurers
-He declined to specify the new capitalization ratio but said it will be “definitely higher than the current one.”
-Asked about the economic impact of the global spread of a new strain of coronavirus, Alkholifey said it was “too early to assess.”
Financial services firms risk $1 trillion in losses from climate change: Report
The Oliver Wyman analysis found that if carbon taxes were imposed at a level of $50 per tonne of carbon dioxide in two of the most polluting industries – power generation and oil and gas – this would result in estimated credit losses of between $50 billion to $300 billion in both sectors.
Australia regulator seeks to understand financial risks of climate change
Global financial regulators are worried frequent extreme weather events could displace entire communities leading to stranded assets and a plunge in property values which could result in crippling losses for the financial sector.
Seoul worst hit as Asia markets plunge on virus worries
“While the coronavirus is probably slowing in China, it is speeding up elsewhere,” Charles Gillams, at RJMG Asset Management, said. “Its impact on Chinese business is already deep. So, whether that has a one economic quarter impact — of some severity — or is a bigger issue remains unclear and indeed we won’t know for while.”
Washington pledges $1 billion for coronavirus vaccine as pandemic risks grow
The White House said more than $1 billion of the requested virus budget would go toward developing a vaccine, while other funds would be used for therapeutics and the stockpiling of personal protective equipment such as masks.
Berkshire Hathaway 100% ready for my departure: Warren Buffett
-Along with Microsoft co-founder Bill Gates and his wife Melinda Gates, Buffett in 2010 launched the “Giving Pledge,” in which billionaires promise to give at least half their wealth to philanthropic causes,
=Berkshire Hathaway has holdings in companies including American Express, JPMorgan Chase and Goldman Sachs. It is also active in sectors like insurance, through Geico; rail, with BNSF; and energy, via PacifiCorp,
-Forbes said in its rankings last year that Buffett was worth $82.5 billion.
Warren Buffett touts wind energy following climate-change criticism
Companies are facing mounting pressure to detail their environmental impacts. Earlier this year, BlackRock Inc.’s Larry Fink said climate change is likely to upend global finance sooner than expected. It’s not the first time Buffett has cited the Iowa wind push: At Berkshire’s annual meeting last year, he brought it up when asked how his conglomerate scores on environmental, social and governance factors.
Malaysia and India will see higher Employer-sponsored health care benefit costs in 2020:WTW
The survey also found mental health conditions are expected to become of the most significant cost factors over the next five years. Two-thirds (66 per cent) of insurers expect that behavioural and mental health conditions will become one of the most costly medical conditions and form the bulk of medical expenses other than hospital and inpatient care in the next five years.