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Americans are moving toward climate danger in search of cheaper homes
Many Americans are actually choosing to move to Zip codes with a...
Allianz Commercial launches in global Property & Casualty markets
Chris Townsend, Member of the Allianz SE Board of Management,...
Europe’s money laundering scandals expand with criminal probe of ABN Amro
Increased compliance costs and possible penalties add to the headwinds confronting European banks. Negative interest rates, lackluster economies, and Brexit are already taking a toll on profitability, forcing more lenders forcing the lenders to pass rising costs on to customers.
Parametric catastrophe facility CCRIF pays $12.8 mln to Bahamas for Dorian damages
Since its inception in 2007, CCRIF has made 40 payouts totaling about US$152 million to 13 of its 21 member governments
Vaping now linked to 12 deaths, 805 illnesses in U.S
The increased scrutiny also prompted leading e-cigarette maker Juul Labs to suspend all broadcast, print and digital product advertising in the United States and bring in a longtime Altria Group Inc executive as its CEO
Multiple cyber attacks on Airbus suppliers; possible link to China: Report
Hackers have targeted British engine-maker Rolls-Royce and the French technology consultancy and supplier Expleo, as well as two other French contractors working for Airbus that AFP was unable to identify.
U.N. science panel warns climate impacts on oceans include rising seas, dry rivers
“Everybody in the world will be affected by the changes we are seeing,” Michael Meredith, an oceanographer with the British Antarctic Survey and one of the report’s authors, told Reuters.
Insurers to offer up to $5B in capacity to hike developing nations’ Climate Resilience
As part of the program, as much as $5 billion in insurance capacity will be offered to 20 developing countries that are vulnerable to shifts in the climate and willing to work with the groups to increase their resilience, according to a statement Sunday from the Insurance Development Forum, the UN Development Program, the German Federal Ministry for Economic Cooperation and Development and the U.K. Department for International Development.
Singapore minister to deliver keynote address at SIRC
The SIRC Deep Dialogue will provide multifaceted perspectives on the future for the (re)insurance sector – from a seasoned industry insider and a sophisticated institutional investor in insurance and InsurTech – and will provide clues on how the (re)insurance sector will transform in a highly disrupted future.
India to offer Pacific island nations $150 mn credit line for climate issues
In addition, a concessional Line of Credit of $150 million which can be availed by the PSIDS for undertaking solar, renewable energy and climate related projects based on each country’s requirement was announced,, .
How U.S. is attempting to manage risk from ‘Insider’ terrorist threat in aviation
Despite security upgrades since the hijacking terror attacks of 2001, breaches including a gun-running operation at the nation’s biggest airport illustrate the possibility that a well-placed airline or airport employee could bring down a plane.
Business leaders spend less than 1 Day a year focusing on Cyber Risk: Marsh Survey
“We are well into the age of cyber risk awareness, yet too many organisations still struggle with creating a strong cyber-security culture with appropriate levels for governance, prioritization, management focus, and ownership,” said Kevin Richards, global head of Cyber Risk Consulting, Marsh. “This places them at a disadvantage both in building cyber resilience and in confronting the increasing complex cyber landscape.”