An expansion of the criteria for medically assisted death that...
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Signs ‘crypto winter’ ending as regulatory fog begins to lift
"The regulatory environment is changing," said Matthew Dibb, chief...
UN scrambles to save Black Sea grain deal, with EU help, ahead of Monday deadline
The EU is considering connecting a subsidiary of the Russian...
World’s first malaria vaccine launched in Africa
“We have seen tremendous gains from bed nets and other measures to control malaria in the last 15 years, but progress has stalled and even reversed in some areas. We need new solutions to get the malaria response back on track, and this vaccine gives us a promising tool to get there,” said WHO Director-General Dr Tedros Adhanom Ghebreyesus. “The malaria vaccine has the potential to save tens of thousands of children’s lives.”
Alphabet’s wing is first commercial Drone Unit certified as Airline
“It’s an exciting moment for us to have earned the FAA’s approval to actually run a business with our technology,” Wing Chief Executive Officer James Ryan Burgess said in an interview. He called it “pivotal” both for his company and the drone industry in general.
Lawyers expect wave of litigation targeting popular heart drugs in US
Millions of Americans have taken the drugs, which are at the center of a widening recall being overseen by the U.S. Food and Drug Administration, and have been for decades used to treat high blood pressure, heart failure and other common conditions.A lawyer involved in an effort to combine about 50 lawsuits, including at least 27 by patients who say they contracted cancer by using the recalled medicine, told a U.S. federal court he expects a surge of legal action.
Lloyd’s of London plots new course as storm clouds gather
London is still the largest centre for commercial insurance and reinsurance, but Singapore, Bermuda and Switzerland grew by 4 percent, 1 percent and 0.6 percent respectively each year from 2013 to 2015, while London shrank 0.3 percent, the report said.
When hackers strike, property insurance may not offer protection
Many companies have long-standing property insurance policies that offer a payout if a cyberattack results in physical damage, but they may not cover financial damage. Many of those policies were bought years ago, before cyberattacks became almost routine, and the terms and conditions haven’t been updated, according to Lori Bailey, Zurich’s global head of cyber risk, talking about the overall market for cyber insurance. That creates uncertainty for insurers and policyholders.
UK, Australia warns against travelling to Sri Lanka, sees further attacks
“Terrorists are very likely to try to carry out attacks in Sri Lanka. Attacks could be indiscriminate, including in places visited by foreigners.”
Boeing drops 2019 outlook after 737 MAX crisis, sees $1 bn in extra costs
Although safety experts have raised some questions over crew performance in both crashes, the regulatory fallout has been dominated so far by questions over anti-stall software known as MCAS, which Boeing has acknowledged was a common link in the separate chains of events leading to both crashes.
Fight against Floods enlists supercomputers, drones, sonar
The cost of this technology is coming down even as disaster recovery becomes more expensive, so “anything we can do to reduce the costs of these floods and natural hazards is worth it,” she said. “Of course, loss of life, which you can’t put a dollar amount on, is certainly worth that as well.”
Canopius and AmTrust Lloyd’s merger agreement signed
From 1 January 2020, Canopius plans to merge its Syndicate 4444 with AmTrust Syndicate 1861 under the management of Canopius Managing Agents. As part of the transaction, AmTrust Financial Services Inc. will become a significant minority shareholder in Canopius.
Global reinsurance industry capital at USD 462 billion in 2018
The largest component of this figure is the total shareholders’ equity of the 32 reinsurance companies tracked in the Willis Reinsurance Index which was down 10 per cent to USD 335.7 billion, reversing growth of 8 per cent in 2017