“This is the largest natural disaster we’ve ever experienced,”...
Category:
International News
Latest
Shippers warned to stay away from Iranian waters over seizure threat as US-Iran tensions high
A U.S.-backed maritime group called the International Maritime...
Japan braces for another typhoon with trains and flights canceled
Toyota Motor Corp., Mitsubishi Motors Corp., Honda Motor Co. and...
Willis Research Network partnership to focus on natural air traffic hazards
Alex Martí, CEO, Mitiga Solutions added: “In a short period of time, Mitiga Solutions has been able to disrupt the aviation industry by providing real-time and predictive solutions to mitigate the impact of atmospheric hazards to different aviation stakeholders
New York state bans flavored e-cigarettes
Nearly 400 people around the country have been stricken with a lung illness that is potentially vaping-related, according to the U.S. Centers for Disease Control and Prevention. Six have died.
Lloyd’s returns to profit in 1st Half after 2 full years of losses
The more than 300-year-old corporation made a profit before tax of 2.3 billion pounds ($2.8 billion) in the first six months of 2019, the company said in a statement on Wednesday.
Governance is the most influential ESG factor for both banks & NBFI:Fitch
While Customer Welfare – Fair Messaging, Privacy & Data Security, and Exposure to Social Impacts are rarely relevant to credit ratings currently, Fitch considers them potential rating drivers for the majority of sectors.
Insured losses for Typhoon Faxai estimated at $3B-$7B: AIR Worldwide
According to AIR, Typhoon Faxai surpassed Typhoon Higos for the strongest sustained wind speed at landfall in the region and tied with 1958’s Typhoon Helen for the lowest recorded central pressure. Faxai was comparable in strength to Typhoon Jebi, which devastated the southern Shikoku Island in 2018
Drone attacks strike major Saudi Aramco facility, oilfield
The plant has been targeted in the past by militants. Al-Qaida-claimed suicide bombers tried but failed to attack the oil complex in February 2006
Analysts see 2020 reinsurance price hikes due to catastrophes
However, as Hurricane Dorian ravages the Bahamas and bears down on the United States, Fitch, Moody’s and S&P Global said some rates could jump by much more than that
Total reinsurance capital at $559 bn in H1 2019, up 8% driven by strong investment markets: Willis Re
The largest component of this figure is the capital of the 36 reinsurance companies tracked in the Willis Reinsurance Index, which was up 11 per cent to USD 440 billion, principally due to falling bond yields and rising equity markets. The strong investment appreciation was a reversal of the trend noted in the year-end 2018 Reinsurance Market Report. Fresh capital backing the Convex start-up also contributed to the H1 2019 capital growth.
Google to pay $170 million fine for sharing YouTube kids data
“We will treat data from anyone watching children’s content on YouTube as coming from a child, regardless of the age of the user,” YouTube chief Susan Wojcicki said in a statement.
Swiss Re and Capsicum Re launch a holistic cyber reinsurance solution
Anthony Cordonnier, Head Cyber Product Management at Swiss Re, said:”Decrypt gives insurance companies a unique understanding of their portfolios’ affirmative and silent exposures, and offers protection against the aggregation of cyber losses across different lines of business.”