Europe's second-biggest insurer said it would aim for a 20%...
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China’s new anti-espionage law puts foreign companies in tough situation: Report
The revision expands the scope of targets for espionage to "all...
Bank of England consults on next leg of insurance capital reforms
The Solvency II rules were inherited from the European Union and...
World Bank Gr announces $50 bn over five yrs for Climate Adaptation & Resilience
Our new plan will put climate resilience on an equal footing with our investment in a low carbon future for the first time. We do this because, simply put, the climate is changing so we must mitigate and adapt at the same time,” said World Bank Chief Executive Officer Kristalina Georgieva. “We will ramp up our funding to help people build a more resilient future, especially the poorest and most vulnerable who are most affecte
“Rising geopolitical and geo-economic tensions are the most urgent risk in 2019”
The report released on Wednesday said environmental degradation is the long-term risk that defines the current era, with four of the top five most impactful global risks in 2019 related to climate Rapidly evolving cyber and technological threats are the most significant potential blind spots; and the vulnerability of networked societies still not fully appreciated, said the report.
Cyber joins Business Interruption as leading Global Risk for first time: Allianz
“Companies need to plan for a wide range of disruptive scenarios and triggers, as this is where their big exposure lies in today’s networked society,” says Chris Fischer Hirs, CEO of AGCS.
“Disruptive risks can be physical, such as fire or storms, or virtual, such as an IT outage, which can occur through malicious and accidental means. They can stem from their own operations but also from a company’s suppliers, customers or IT service providers. Whatever the trigger, the financial loss for companies following a standstill can be enormous.
Colorado Man Sentenced to 76 yrs of prison for $16mn securities fraud over Insurance Marketing Organisations
Schnorenberg solicited investments personally and also directed agents to solicit investments for his multiple insurance marketing organizations from 2009 to 2015.
Fiat Chrysler to pay $700M to U.S., States, car owners over diesel emissions claims
The Justice Department in 2017 said Fiat Chrysler used auxiliary emissions controls in diesel vehicles that led to “substantially” higher than allowable levels of nitrogen oxide, or NOx pollution, which is linked to smog formation and respiratory problems.
US: Drug advertising drives $30 bn Medical Industry marketing machine
The researchers estimated that medical marketing reached $30 billion in 2016, up from $18 billion in 1997. Spending on consumer-focused ads climbed fastest. But marketing to doctors and other health professionals still grabbed the biggest share with the bulk of it paying for free drug samples.
“Marketing drives more treatments, more testing” that patients don’t always need, said Dr. Steven Woloshin, a Dartmouth College health policy expert. Woloshin wrote the report with his wife, Dr. Lisa Schwartz, both longtime critics of over-diagnosis and over-treatment.
65% chance that weak El Niño will emerge in Spring, U.S. Weather Service
El Niño can affect rainfall and temperature patterns in many regions, with important consequences for agricultural and food security sectors, according to the United Nations World Meteorological Organization.
Sharing Safety:Toyota offers Its Driver Assistance Technology to Competitors
Self-driving cars and related mobility services could become a $10 trillion market, according to Ford Motor Co. Chief Executive Officer Jim Hackett. Toyota’s seemingly selfless act could pay off in fat royalties and potentially burnish its reputation as a safety and technology leader just as those attributes become critical to the autonomous age. Toyota insists it’s about saving lives in a world where 1.3 million people die on the highway each year.
Los Angeles sues IBM’s Weather Channel for use of location tracking
In a complaint filed Thursday [Jan. 3] in California state court, the city alleges IBM used detailed location data from users for targeted advertising and to identify consumer trends that might be useful to hedge funds, while at the same time telling consumers their location would only be used to localize weather forecasts. The suit doesn’t allege personally identifiable information was sold.
Global natural disasters wreak $160 bn damage in 2018; worst losses in US
As with the previousc year the United States suffered the heaviest losses from disasters globally, with its second record wildfire season in a row. But it was given some respite from damaging storms, with the hurricanes hitting the country in 2018 inflicting far less destruction than in 2017