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Meta, OpenAI sued by Sarah Silverman sues over copyright
The lawsuits underscore the legal risks developers of chat bots...
London is falling down and it’s because of climate change
That phenomenon — known as subsidence — has become worse in the UK...
Global #MeToo movement provides lots of work for London’s top lawyers
Horacio Bernardes Neto, president of the International Bar Association that represents attorneys, said in May that law firms hired to advise corporations on how to handle harassment allegations needed to get their own hiring and workplace behavior in order because of the risk being called out for hypocrisy, after a global survey found one in three female attorneys has been sexually harassed at work.
Britain’s green finance strategy could mandate corporate Climate Risk disclosure
“The re-allocation of tens of trillions of dollars of capital towards green investment offers the potential to reshape cities, energy systems and land use around the world. The nature of this investment … will determine the future of our climate,” the report said.
Vatican defends secrecy of Catholic Confessions amid priest sex scandals
Cardinal Piacenza noted that Francis himself earlier this year called confessional secrecy indispensable, and quoted the pontiff as saying “no human power has jurisdiction” over that secrecy. Piacenza said the tribunal felt it “urgent to recall in the first place the absolute inviolability of the sacramental secrecy, which is based on divine right and admits no exception.”
Chubb recognises climate change reality,pulls back from coal
Insurance coverage for existing coal-plant risks that exceed this threshold will be phased out by 2022, and for utilities beginning in 2022. In addition, Chubb will not make new debt or equity investments in companies that generate more than 30% of revenues from thermal coal mining or energy production from coal.
Foreign ownership limits in life insurers to go by 2020, one year in advance
“We will achieve the goal of abolishing ownership limits in securities, futures, life insurance for foreign investors by 2020, a year earlier than the original schedule of 2021,” Premier Li Keqiang
Markel International launches Cyber 360 Policy
Coverage will be provided on a stand-alone and add on basis for businesses in the UK, Europe, Canada, Asia and elsewhere. With limits of up to £10m/€15m/$20m per risk, Markel Cyber 360 is offered across most businesses, industries and geographies.
India could face productivity loss equivalent to 34 million jobs in 2030 due to global warming: UN
With some 940 million people active in agriculture around the world, farmers are set to be worst hit by rising temperatures, according to the ILO data, which indicates that the sector will be responsible for 60 per cent of global working hours lost from heat stress, by 2030.
Reinsurers more discerning at mid-year renewals: Willis Re
Almost all buyers were able to secure the capacity they desired at June 1 and July 1, but differentiation between cedants by reinsurers has increased, particularly based on the accuracy of their previous catastrophe loss estimates. Superior pricing and capacity were available to clients seen as preferred trading partners.
AIR publishes its catastrophe exposure data schema publicly
“Across the insurance industry, as less time is spent converting formats or ensuring consistency among data sets, stakeholders will have more time to focus on improving the quality of their underlying data and making better risk management decisions,” said Bill Pieroni, CEO, ACORD
First blockchain-based agricultural insurance policies for smallholder farmers in Sri Lanka
Historically, there were major barriers preventing farmers from utilising insurance, including the lack of affordable and reliable insurance products, a lack of understanding about how insurance would help a farmer survive, and when and how a claim would be paid. This new blockchain technology directly addresses those issues as the insurance products are automated