In the US, there’s evidence that anti-ESG rhetoric has led some...
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Global initiative launched to rate corporate carbon offset claims
The Claims Code of Practice launched by the Voluntary Carbon...
Indictment details plan to steal Samsung secrets for Foxconn China project
The unreleased 18-page indictment, reviewed by Reuters, provides...
Sharp rise in air crash deaths in 2018: Report
According to Netherlands-based Aviation Safety Network (ASN), airliner accidents killed 556 persons in 2018, compared with 44 in 2017, the BBC reported on Wednesday.
India may have welcomed maximum new borns on New Year: UNICEF
In 2017, about 1 million babies died the day they were born, and 2.5 million in just their first month of life. Among those children, most died from preventable causes such as premature birth, complications during delivery, and infections like sepsis and pneumonia, a violation of their basic right to survival, the UNICEF said.
January Renewals show higher prices for clients with poor loss records: Willis Re
In property catastrophe renewals, cedants with good loss records and a disciplined, early renewal process achieved risk-adjusted rate reductions, while loss impacted accounts are seeing upward pricing across a number of lines. Some primary lines are seeing significantly larger rate increases than treaty reinsurance business
Uber pledges to fight UK Court decision that drivers should be treated as workers
Though the U.K. ruling will not apply to employees outside the country, it is part of a trend in which regulators are more closely scrutinizing a quickly evolving workplace and challenging traditional employment models. Only this week, Britain published its Good Work Plan, promising to clarify the tests around employment status as suggested by the landmark Taylor Review last year
Indonesian tsunami insurance claims may reach $1.09 bn
According to insurance companies PT Maskapai Reasuransi Indonesia (REI) and PT Asuransi Maipark Indonesia, there were at least 191 insurance risks from the disaster, which killed at least 430 people and devastated thousands of homes, buildings and infrastructure.
Volcano-triggered tsunami kills 429, thousands homeless Indonesia
Authorities say the tsunami may have been triggered by an abnormal tidal surge due to a new moon and an underwater landslide following the eruption of Anak Krakatoa, which forms a small island in the Sunda Strait between Java and Sumatra.”The combination caused a sudden tsunami that hit the coast,” Nugroho said, but added that Indonesia’s geological agency was working to ascertain exactly how it happened.
10 global re/insurers refuse cover to Adani Group’s $16.5bn Australian coal mine
A campaign by 73 prominent environmental organizations,which collectively represent 76 million members, penned a letter to 30 global re/insurance companies earlier this month urging them to rule out any providing any services for the controversial coal mine and its associated rail project
Federal judge in Texas strikes down Affordable Care Act
The ruling and expected appeal sets up another cliffhanger in which the fate of the law, which Republicans have unsuccessfully tried to repeal for years, will likely once again ultimately lie with the Supreme Court.Chief Justice John Roberts cast the deciding vote leaving the law intact in 2012, but it’s unclear how the justices will view this challenge, which centers on changes to the individual mandate that were baked into the 2017 tax reform.
InsurTech investment doubles in Q3; parametric cover in focus
Some InsurTech firms have acknowledged these benefits and combined technology and information within parametric or event-based insurance structures to address existing inefficiencies or coverage gaps. They use a combination of third-party and proprietary data, advanced sensors, and the capabilities of the Internet of Things to develop a new paradigm of insurance offerings for the connected world. The Briefing looks in detail at several examples, including companies using parametric structures to cover the risks of earthquakes, travel disruption, flash flooding, and horticulture.
China hacked Hewlett Packard Enterprise, IBM and then attacked clients
Businesses and governments are increasingly looking to technology companies known as managed service providers (MSPs) to remotely manage their information technology operations, including servers, storage, networking and help-desk support