That phenomenon — known as subsidence — has become worse in the UK...
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Robots say they won’t steal jobs, rebel against humans
In the world’s first human-robot press conference, they gave mixed...
Allianz ropes in AIG’s Christian Sandric as commercial managing director Asia
Christian Sandric In Asia, Allianz is targeting significant growth...
Boeing’s $600-bn orders at risk as clients rethink 737 Max purchases
Boeing, whose shares have lost 11 percent of their value this week, faces escalating financial risk after two disasters involving its newest narrow-body jet in the past five months.
Tata Motors’ JLR recalls 44,000 cars over CO2 emission levels
The European Commission’s rapid alert system warned that JLR’s cars “may emit excessive levels of CO2 and may not conform with the certified condition”.
Boeing faces crisis with worldwide grounding of 737 MAX jetliners
The US Federal Aviation Administration (FAA) cited new satellite data and evidence from the scene of the recent crash near Addis Ababa for its decision to join Europe, China and other nations in suspending 737 MAX flights
Uber settles Driver Classification disputes for $20 mn
The drivers attacked the ride-sharing company’s business model of treating them as contractors to avoid the costs of paying a minimum wage, overtime, sick leave and health insurance.
Insurers face large claims after second Boeing 737 MAX crash
Willis Towers Watson was the insurance broker for Ethiopian Airlines, while Chubb was the lead insurer, a Willis spokeswoman said on Monday. A Chubb spokesman declined to comment.Britain’s Global Aerospace was the lead insurer for Boeing and also for Lion Air, which operated the plane that crashed in October, said Global Aerospace Chief Executive Nick Brown.’Insurers typically form a consortium to share the risks of large claims, with the lead insurer taking a larger proportion of the risk. The insured value of the plane itself was likely around $50 million (£38 million), according to industry sources.
China Re launches renewable energy consortium for offshore windfarm risks
The consortium covers construction all risks (CAR), erection all risks (EAR) and third-party liability (TPL) and can provide capacity of up to USD 225M per risk.
Chinese carriers, Ethiopian Airlines suspend use of Boeing 737 MAX 8 aircraft after crash
Indian aviation regulator DGCA will also seek information from Boeing as well as Jet Airways and SpiceJet operating Boeing 737 MAX aircraft in the wake of plane crash in Ethiopia, according to senior official.
Hannover Re announces the launch of insurtech initiative
The online platform provides access to a diverse range of solutions spanning the entire value chain, propelling the insurance industry forward by making it easier to find and implement new technology.
157 feared dead after Nairobi-bound Ethiopian airline crashes
The airline said: “Search and rescue operations are in progress and we have no confirmed information about survivors or any possible casualties.”Aviation websites identified the aircraft as a new 737 MAX 8, the same plane that crashed in Indonesia in October, killing 189
Hybrid car-plane, van with gemstones: Luxury takes centre stage at Geneva Motor Show
The Battista is the first so-called hypercar – which are ultra-light, ultra-fast aerodynamic cars – that is fully electric, according to a Pininfarina sales rep on the floor.Only 150 Battistas will be made, each with a 1,900 horsepower engine can go from 0 to 100 kilometres (0-62 miles) per hour in less than two seconds. The vehicle, which carries a price tag of around two million euros ($2.2 million), was conceived for enthusiasts who have “money … and a really great passion for cars,” the sales rep said.