Medibank last year disclosed that a hacker stole the personal...
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APAC sees economic loss of $ 80 billion and $11 billion insured claims out of catastrophes and natural disasters in 2022
George Attard, chief executive officer, Reinsurance Solutions, Asia...
Standard Life partners with TCS to revamp customer experience for European policyholders
With this partnership, TCS will set up a customer operations center...
Marriott Data Breach highlights `Silent Cyber Risk’ in acquisitions
Hotels are especially vulnerable to security breaches, because many still swipe credit cards at check-in rather than implement chip readers, said Brian Krebs, a cybersecurity expert. Last year, he said, both Hyatt Hotels Corp. and the Trump hotels collection had security breaches and in 2016, he uncovered similar breaches at InterContinental Hotels Group.
California takes over insurance company unable to pay claims after wildfire
Moody’s last week estimated total insured losses at $10-$15 billion from the Camp Fire and the Woolsey fire, which was burning at the same time in the foothills above Malibu in southern California.
World Bank Promises USD 200 Bn In 2021-25 Climate Cash
“If we don’t reduce emissions and build adaptation now, we’ll have 100 million more people living in poverty by 2030,” John Roome, World Bank senior director for climate change, warned.
Nations must triple efforts to achieve Paris climate accord target: Study
The report, released ahead of the 24th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP24), shows global emissions have reached historic levels at 53.5 GtCO2e (gigatonnes of equivalent carbon dioxide), with no signs of peaking.
Researchers assessed that only 57 countries (representing 60 per cent of global emissions) are on track to do so by 2030
Boeing eyes Lion Air crash software upgrade in 6-8 weeks
“As part of our standard practice following any accident or incident, we examine our aircraft design and operation, and when appropriate, issue bulletins and make recommendations to operators to further enhance safety,” a Boeing spokeswoman said.
Lion Air’s 737 MAX was plane not ‘airworthy’
The safety committee’s findings will heighten concerns there were problems with key systems in one of the world’s newest and most advanced commercial passenger planes.
Heatwave death threat to world’s vulnerable
When you look at climate change as a public health issue, it really turns it on its head. It isn’t just affecting polar bears or rainforests, it’s something that affects communities, children, families in the UK and Europe and around the world.The outlook is particularly dire for Europe and the eastern Mediterranean, where mounting temperatures and an ageing population produced a “perfect storm” of risk factors
China suspends baby gene-editing experiment after violation: Report
The experiment “seriously violates” China’s laws, regulations, and ethical standards if it indeed occurred as reported by media,” said Zeng Yixin, vice minister of the National Health Commission, in an interview with CCTV published on its website Thursday
AGCS’s partnership InsurTech Co for liability insurance clients
“By offering access to ChemMeta in combination with our product liability policies, we help clients maximize the overall safety of their products and production processes, striking the right balance between innovation and risk,” explains Hartmut Mai, Chief Underwriting Officer, AGCS
Only 9 per cent of economic losses in Asia insured:AIR
“For the insurance industry, the protection gap can spur innovation in product development. In the public sector, governments are recognizing the importance of moving from reactive to proactive risk management, especially in countries where the risk is well known and a risk transfer system is not well established. Understanding the protection gap can help governments assess the risks to their citizens and critical infrastructure, and develop risk-informed emergency management, hazard mitigation, and public risk financing strategies to enhance global resilience and reduce the ultimate costs.”