A data sample comprising 77% of U.S. insurers showed they held...
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Meta Platforms seeks to stop privacy breach fine in Norway -court filing
The regulator has said Meta cannot harvest user data in Norway,...
Heatwaves and high temperatures threatening young lives in South Asia: UNICEF
UNICEF estimates that 76 per cent of children under 18 in the...
AIG CEO Duperreault was paid $20.9 million in 2018, half of 2017 compensation
At its annual meeting in 2018, only 62 percent of shareholder votes backed the pay, an unusually low number compared with the roughly 95 percent support that major U.S. companies typically receive in such votes. So-called say-on-pay votes are non-binding but low results often spur directors into action to guard against losing their own seats.
3 major automakers partner to develop autonomous vehicle safety standards, testing
General Motors Co., Ford Motor Co. and Toyota Motor Corp. said in a statement they are joining forces with automotive engineering group SAE International to establish autonomous vehicle “safety guiding principles to help inform standards development.”The group will also “work to safely advance testing, pre-competitive development and deployment,” they added.
Apr 1 renewals:Rational pricing highlights reinsurance market’s stability and maturity,Willis Re
GIC Re continued supporting proportional programs in India but took strong measures to improve the pricing and underwriting on the underlying portfolios. Foreign reinsurers also showed optimism in supporting proportional programs.
More US industries depend on weather tracking
About one-third of the U.S.’s $18 trillion gross national product is generated by industries vulnerable to changes in the weather. There were 14 weather events that caused at least $1 billion in damages in the U.S. last year, according to the National Centers for Environmental Information. That’s more than the 6.2 per year average from 1980 to 2018.
Ethiopian crash could be largest nonwar aviation reinsurance claim: Willis Re
Liability claims for the passengers’ loss of life and in relation to the grounded aircraft could total around a billion dollars, James Vickers, chairman of Willis Re International, told Reuters by phone, a large sum for the aviation reinsurance market which Vickers said was “very small and very, very specialist.”
Zuckerberg calls for global internet regulations to address harmful content
The Facebook chief’s statement was in keeping with his efforts this year to frame the company’s more critical problems as part of broader issues for the internet at large. Zuckerberg’s willingness to embrace regulation could pave the way toward taking the thorniest problems about speech and privacy out of Facebook’s hands — or at least give the company more time to solve them.
AT&T is using models to prepare for natural disaster costs
Of the 30 largest publicly traded U.S. companies by market capitalisation, 20 say they have identified “inherent climate-related risks with the potential to have a substantial financial or strategic impact” on their businesses, according to reports provided to CDP, a U.K. nonprofit.
Diseases cost the African Region $2.4 trillion a year, says WHO
To achieve the health-related SDG targets, countries must invest adequately in the development of resilient national and local health systems to effectively, affordably and efficiently deliver the integrated packages of proven cost-effective interventions contained in relevant programmatic global strategies and plans to target populations in need.
US Judge allows suit against Nestle over its claim on Poland Spring Water
According to the amended complaint, Nestle Waters sells 1 billion gallons of Poland Spring a year in the United States, and “not one drop” of its water “emanates from a water source that qualifies as a genuine legal ‘natural spring.’”The actual Poland Spring in Maine, which the defendant’s labels said is a source of Poland Spring water, “commercially ran dry” nearly 50 years ago, the complaint said.
Stall-prevention system got activated on its own, says Boeing crash probe
A preliminary report from Ethiopian authorities is expected within days, though the preliminary conclusions — based on analysis of the aircraft’s black boxes — could still change, the people briefed on the matter told the Wall Street Journal.