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Insurers raise premiums for Black Sea tankers as tensions mount – traders
The war risk premium was increased from around 1% of the cargo’s...
Munich Re remains world’s largest reinsurer in AM Best’s Top 50 Ranking, followed again by Swiss Re
According to the report, total reinsurance gross premiums written...
Nations stepping up scrutiny of vessels, trains, shipping from China
Vessels and trains coming from China are in focus as nations take steps to halt the spread of a deadly coronavirus that originated in the world’s second-biggest economy
Aon acquires Canadian cyber security firm Cytelligence Inc
Global cyber insurance premiums are expected to grow from $4 billion in 2018 to $20 billion by 2025. According to Aon’s 2019 Global Risk Management Survey, cyber-attacks were identified as a top ten risk facing organizations and is predicted to be one of the top three risks for organizations in 2022.
Twitter says state-backed actors may have accessed users’ phone numbers
Tech publication TechCrunch reported https://techcrunch.com/2019/12/24/twitter-android-bug-phone-numbers on Dec. 24 that a security researcher, Ibrahim Balic, had managed to match 17 million phone numbers to specific Twitter user accounts by exploiting a flaw in the contacts feature of its Android app. TechCrunch said it was able to identify a senior Israeli politician by matching a phone number through the tool.
Coronavirus: For China virus insurance, check the small print
The reinsurance market at Lloyd’s of London has not seen any untoward activity from traditional insurers looking to hedge their exposure to risks arising from this outbreak, two sources in the underwriting trade said.
Visa planning biggest changes to US swipe fees in a decade: Report
Higher rates are looming for transactions on e-commerce sites, while retailers in certain services categories such as real estate and education will see fees decline, the report added.
Gymnast sexual abuse victims offered $215 mn insurance payout to settle claims
The $215 million total is the amount the insurance carriers for USA Gymnastics and the United States Olympic and Paralympic Committee are willing to provide in hopes of ending years of legal battles with athletes who were abused by former national team doctor Larry Nassar.
Google Pay’s ‘tremendous success’ in India to be replicated globally: Pichai
According to Ambarish Kenghe, Director, Product Management, Google Pay, the vast majority of India’s over 60 million small businesses are still not benefiting from the growing digital economy.
UK to ban new petrol car sales from 2035
Britain has pledged to reduce greenhouse gas emissions to net zero by 2050, with a mixture of cuts and off-setting pollution measures such as planting trees.
Coronavirus to hit reinsurers hard:AM Best
einsurers may face higher levels of risk than L/H insurers, as their risk profiles entail higher exposures to mortality and morbidity risks. However, global reinsurers have been broadening their risk exposures in recent years in an effort to minimize the concentration of mortality and morbidity risks.
As economic costs of Coronavirus mount, China accuses U.S. of overreacting
The number of deaths in China from the newly identified virus, which emerged in Wuhan city in the central province of Hubei in December, had risen to 361 as of Sunday, up 57 from the previous day, the National Health Commission said.