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WHO warns of dengue risk as global warming pushes cases near historic highs
Reported cases to WHO hit an all-time high in 2019 with 5.2 million...
Black Sea shipping traffic slowing after Russia, Ukraine warnings
Additional war risk insurance premiums, which are charged when...
European Central Bank calls for ‘Deeper Understanding’ of Climate Risks
The ECB said weather events were responsible for over 80% of insured catastrophe losses in 2018, and “physical risks, when they materialize, can significantly erode collateral and asset values and have an impact on insurance liabilities.”
Insurers gaining, Banks losing ground in Finance:European Central Bank Governor
“In Europe, an increasing share of lending is provided by investment funds, insurance companies and the providers of consumer loans,” the European Central Bank policymaker said in a speech in Helsinki.
Airlines could seek $580 million from Boeing for Max 8 groundings
The China Air Transport Association said in a statement Friday that the groundings and delayed deliveries of the planes were causing “serious damage” to the companies’ businesses. It estimated their losses at 4 billion yuan ($580 million) should the planes remain grounded through the end of next month.
Deadly African Swine Fever now `Endemic’ in 2 regions of China: UN
The virus that causes the disease is entrenched among pig populations in the autonomous regions of Tibet and Xinjiang Uygur, the Food & Agriculture Organization in Rome said in a report Thursday. Diseases that are endemic, or generally present, are more difficult to stamp out by quarantining and culling diseased and vulnerable livestock.
Weinstein, accusers reach tentative $44 million deal, WSJ
Weinstein, who won plaudits and awards through his company and another studio, Miramax, for movies including “Shakespeare in Love,” “Pulp Fiction” and “The King’s Speech, fell from grace after more than 70 women, mostly young actresses and others in the movie business, accused him of sexual misconduct dating back decades.
As many as 8 Hurricanes Forecast for ‘Near Normal’ 2019 Hurricane Season
The hurricane season will be closely watched because of its potential to take a heavy human toll as well as rattle oil and gas markets across the globe. Over the past two years, storms including Michael, Irma and Harvey led to scores of deaths and over $250 billion in damages. They have also sent U.S. gasoline prices surging, shifted global crude and fuel flows, disrupted production in the energy-rich Gulf Coast and threatened crops.
Britain may go for a hard Brexit as May quits
Spain said it now seemed almost impossible to avoid a so-called hard Brexit, or clean break from the EU, and the bloc signaled there would be no change on the agreement despite European Commission President Jean-Claude Juncker learning of May’s resignation “without personal joy.”
US engages World’s Regulators on Grounded Boeing 737
Chicago-based Boeing has developed a software fix that won’t allow MCAS to push down a plane’s nose more than once and it will rely on data from two sensors instead of one in an attempt to lower the chances that a single malfunction can trigger it.
Uber and Lyft to turn the wheels on car ownership: industry experts
“Your phone will be your car,” said Andre Haddad, CEO of Turo, a peer-to-peer car-sharing company that enables users to rent their cars out to others. Haddad said that while car sales have never been higher globally, people are realizing that owning a vehicle is increasingly becoming unaffordable due to car payments, insurance, and parking.
“Many more are realizing they can share their car when they’re not using it or rent it out to recover the big costs of ownership,” he added.
Lloyd’s of London plans to merge governance bodies -source
The plan to combine the bodies comes as Lloyd’s, which has 99 syndicate members comprising British and international insurers, is under pressure to cut costs and speed up automation after two years of steep losses.