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Gallagher Re appoints Jonathan Allard to lead newly created Global Credit & Political Risk team
Recent geopolitical events and macro-economic conditions have...
Israel-Hamas conflict: Major airlines suspend Tel Aviv flights until conditions improve
US air carriers United Airlines, Delta Air Lines and American...
Trump administration issues partial E-Cigarette Ban
In banning mint but not menthol, HHS Secretary Azar said the administration was following an “evidence-based, science-based public health approach.” Data that became available after the Trump administration’s September announcement showed that mint was highly popular among teens but menthol was not, he said.
Indonesia Flooding Forces Evacuation of More Than 400,000 People with 42 Deaths
The new capital that Indonesia will build on the island of Borneo will be flood proof, Public Works and Housing Minister Basuki Hadimuljono said.“While the government may be even more keen to shift its capital city now, the flood is a reminder that the host of issues facing Jakarta – whose metropolitan area is home to 30 million Indonesians – remain acute,” said Wellian Wiranto, an economist at Oversea-Chinese Banking Corp. in Singapore.
The escalating costs of Australia’s wildfire disaster
The Insurance Council of Australia says 5,259 claims worth A$321 million ($224 million) have been lodged. Consultancy SGS Economics and Planning has estimated that Sydney’s economy loses as much as A$50 million each day it is blanketed with a toxic haze from smoke billowing in from the fires. An inquiry into the Black Saturday fires estimated the cost at A$4.4 billion.
A more dangerous world: Qassem Soleimani’s killing triggers global alarm
We are waking up in a more dangerous world. Military escalation is always dangerous, France’s deputy minister for foreign affairs, Amelie de Montchalin told RTL radio.
Airbnb insurance leader Langone becomes President for 2020
“Today’s risk professional can’t afford to be complacent. While the world around us evolves, especially with the introduction of new technologies, we must be ready to embrace different perspectives, different strategies and dare ourselves to be different,” Langone said
Germany aims to thwart African swine fever edging closer to borders
Much of Asia is suffering from unprecedented ASF outbreaks, and importers may look elsewhere if Germany is struck by the disease.
Australia’s wildfire crisis intensifies as Locals, tourists seek refuge on beaches
It’s also put international focus on the conservative government’s climate change policies, with environmentalists saying Prime Minister Scott Morrison’s support of the nation’s massive coal-export industry has worsened conditions.
Major commercial plane crash deaths worldwide fell by more than 50% in 2019: group
To70 said the aviation industry spent significant effort in 2019 “focusing on so-called ‘future threats’ such as drones.” But the MAX crashes “are a reminder that we need to retain our focus on the basics that make civil aviation so safe: well-designed and well-built aircraft flown by fully informed and well-trained crews.”
Vatican tribunal processes ‘Tsunami’ of clergy sex abuse complaints
“We’re effectively seeing a tsunami of cases at the moment, particularly from countries where we never heard from (before),” said Monsignor John Kennedy, the head of the congregation’s discipline section, which processes the cases.He was referring to allegations of abuse that occurred for the most part years or decades ago. Argentina, Mexico, Chile, Italy and Poland have joined the U.S. among the countries with the most cases arriving at the congregation, known as the CDF.
Piracy Surges Along Southeast Asia’s Straits of Malacca and Singapore
The straits’ location between the Indian and Pacific oceans has made it one of Asia’s major trading and fuel storage hubs. More than 140,000 vessels larger than 75 gross tonnes arrived at Singapore’s ports last year, up 7% from 10 years ago, according to data from Maritime and Port Authority of Singapore