The preliminary year-to-date Guy Carpenter US Property Catastrophe...
Category:
International News
Latest
Russia rejects bank compromise as Black Sea grain expiry looms
Russia says the severing of the bank's access to SWIFT is one of...
EV batteries remain major challenge for insurers – UK’s Thatcham
Batteries can make up half of an EV's cost and Thatcham found a...
U.S. impacted by most May tornadoes since 2015, storms and floods leave costly financial toll
Preliminary local storm report (LSR) data from NOAA indicates that there were nearly 4,400 individual reports of tornadoes, hail, and straight-line winds – the most in May since 2011 in the USA
Aviva overhauls UK business, to cut 1,800 jobs
According to the statement, Aviva intends to reduce its expenses by cost savings in contractor and consultant spend, reduction in project expenditure and other efficiencies. This will involve approximately 1,800 role reductions across the group over the next three years, out of a total workforce of around 30,000.
More than 1 million new curable sexually transmitted infections every day
Timely and affordable testing and treatment are crucial for reducing the burden of STIs globally, alongside efforts to encourage people who are sexually active to get screened for STIs. WHO further recommends that pregnant women should be systematically screened for syphilis as well as HIV.
U.S. Judges Grapple with Youths’ Constitutional Challenge to U.S. Climate Policy
The young people argue that government officials have known for more than 50 years that carbon pollution from fossil fuels causes climate change and that policies promoting oil and gas deprive them of their constitutional rights.
Russia’s Aeroflot Cuts Superjet Flights After Fatal Crash in May
Flightradar24 data shows Aeroflot has also at times substituted Airbus or Boeing planes for the Superjet, the first new passenger jet developed in Russia since the Soviet Union collapsed.Fallout from the crash risks undermining the aircraft’s reputation at a time when Russia is promoting another domestically made passenger plane, the M-21, as a rival to Boeing and Airbus.
Climate scientists partner with McKinsey to push companies to self-regulate
In return, Woods Hole’s research could give McKinsey a lead into the business of helping companies adapt to a new reality ushered in by climate change – whether it be moving headquarters, planning for a heavy carbon tax or reaching a limit on the amount of insurance the U.S. government can offer.
Google faces privacy complaints in France, Germany, 7 other EU countries
The ruling by the EU court, expected in a few months, will help clarify to what extent social media companies such as Facebook must police posts by billions of users worldwide. The Luxembourg-based court follows the advice of its advocates general in a majority of cases.
World’s biggest firms foresee $1 trillion climate cost hit
Investor concerns over climate risk have risen sharply in parallel with an upsurge in climate activism in many countries as the heat waves, droughts, wildfires and super-storms fuelled by climate change have become harder to ignore.
Ship insurers ‘already charging’ war risk premium around Fujairah post-sabotage attacks
Given the circumstances in the Persian Gulf, it would be expected that underwriters are reviewing voyages on a case-by-case basis and acting according to the risk presented, Neil Roberts, secretary for JWC in the Lloyd’s Market Association, told S&P Global Platts.
SCOR raises $ 250 mn of Cat Bond
The capital shield policy is a strategic axis for SCOR. The Group has regularly used capital market solutions for this purpose, having completed 16 transactions since 1999, including cat bonds, sidecars, mortality bonds and innovative contingent capital protections.