France in 2019 enacted a copyright rule dubbed “neighboring rights”...
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Beijing records heaviest rainfall in at least 140 years, causing severe flooding and 21 deaths
The severity of the flooding took the Chinese capital by surprise....
Insurance ‘AAA’s unaffected by U.S. downgrade, financial conditions key risk: Fitch
Ratings for these U.S. insurers and the broader sector could face...
Amazon-JPMorgan-Berkshire Health-Care Venture to Be Called Haven
Haven wants to improve access to primary care, simplify insurance and make prescription drugs more affordable, according to the website. It will initially serve 1.2 million employees of Amazon, Berkshire and JPMorgan, though it later plans “to share our innovations and solutions to help others.”
China set to be the largest global insurance market by mid-2030s:Swiss Re
The seven largest emerging markets are forecast to contribute around 40% of global economic growth over the next decade
• China alone will count for more than 25% of global output
• From quantity to quality: maturing emerging economies will see more moderate, but also more stable growth • Emerging market insurance premiums are forecast to more than double over the next 10 years, growing four times faster than in advanced markets
• Premiums in emerging Asia are projected to grow three times faster than the world average over the next two years • China to become the world’s largest insurance market by the mid-2030s
Aon partners with insurtech firm on tracking marine risk accumulations
In an era of mega-ports and ultra-large container ships, re/insurers are highly exposed to risk accumulation during a catastrophe, said Aon in a statement. As a result, the need to monitor vessel movement and estimate cargo accumulation has become a critical part of exposure management and risk selection.
Aon eyes Willis Towers Watson acquisition, may be made via an all-share business combination
Aon has officially announced its intentions as per Irish regulatory requirements, stating that any deal was “in the early stages” and would be made via an all-share business combination.
Aon drops plans to acquier Willis Towers Watson
7 of top 10 most polluted cities in the world are in India; Gurgaon on top
“This has enormous impacts, on our health and on our wallets,” Yeb Sano, executive director of Greenpeace Southeast Asia, said in a statement released with the figures. “In addition to human lives lost, there’s an estimated cost of $225 billion in lost labor, and trillions in medical costs.”
What happened to MH370? Malaysia open to proposals to revive flight hunt
There is no new search planned, but Transport Minister Anthony Loke said at the event that the government was open to hearing proposals to resume the hunt. “If there are any credible leads and any specific proposals, especially from Ocean Infinity, we are more than willing to look at it,” he said.
U.S. bans Lithium Battery Cargo on passenger planes
U.S. regulators identified 39 incidents in air cargo transportation between 2010 and 2016, with 13 involving lithium batteries and smoke, fire, extreme heat, or explosion that would have been affected by the new rules. In one instance, packages of lithium ion cells were found smoldering in an aircraft unit load device during unloading, suggesting the initial thermal runaway likely occurred while the shipment was on the aircraft.
BlackBerry files patent infringement claims against Twitter
The lawsuit said Twitter wrongly sought to compensate for being a “relative latecomer” to mobile messaging by co-opting Blackberry’s inventions for such services as the main Twitter application and Twitter Ads, infringing six of the company’s patents.
Supreme Court limits International Groups’ immunity for commercial activity in U.S.
The U.S. Supreme Court opened some American-based international organizations to lawsuits, ruling that a World Bank affiliate must defend against allegations it is responsible for environmental damage caused by a power plant in India.Voting 7-1 on Wednesday, the court said sovereign immunity doesn’t protect those international organizations in the U.S. when they are involved in commercial activities.