A bottle of Cold Out purchased at a pharmacy in Baghdad in March...
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Global economic cat losses at $ 110 billion, insurance claims of $43 billion in H1 2023
Thomas Blunck, member of the Board of Management In the...
Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead
“The fire is most definitely still not controlled. It’s a very hard...
Airbus to scrap production of A380 superjumbo
The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets.
Johnson & Johnson supplier seeks bankruptcy over talc lawsuits
A key supplier of talc used in Johnson & Johnson’s baby powder filed for Chapter 11 bankruptcy on Wednesday in the wake of multibillion-dollar lawsuits alleging its products caused ovarian cancer and asbestos-related mesothelioma.
AIG swings to loss, hit by catastrophes and volatile market
The company’s general insurance unit reported an underwriting loss of $1.1 billion, compared with a loss of $846 million a year ago, largely due to Hurricane Michael and the California wildfires.Still, AIG said its general insurance accident year combined ratio – which excludes changes from losses incurred in past years – was 98.8 for the quarter, compared with 100.2 a year ago.
Google, Amazon expanding smart home device data gathering
The commercial success of voice assistants has bolstered dozens of companies working to build interest in internet-enabled televisions, kitchen appliances and other devices. Many people first start tinkering with connected appliances after buying a smart speaker. Surveys show about a quarter of U.S. smart speaker owners regularly use them to control something else, a percentage analysts expect to rise.
US Bill would require secondary cockpit door on all existing airplanes
A study by the Federal Aviation Administration, which oversees aviation security, concluded that cockpits are vulnerable when pilots step out and cited secondary doors as the most efficient, cost-effective form of protection, according to the news release issued on Wednesday.
No one’s safe: Bezos nude selfie leak triggers alarm for all billionaires
“The perception among very affluent people is often ‘I have this level of wealth, I’m untouchable,’’ said Mark Johnson, chief executive officer of Sovereign Intelligence, a McLean, Virginia-based risk analytics firm. “But the systems they have in place for protecting their personal identifiable information are very weak.”
Ultra-wealthy individuals are particularly susceptible because so much of their data are often centralized through family offices, which typically lack the robust firewalls and encryption capabilities of banks and large corporations.
Jan.1 global reinsurance pricing remains disappointing:AM Best
AM Best believes that investors will continue to invest in third-party capital and that the alignment between third-party and traditional capital will endure, guaranteeing an abundance of capacity for the reinsurance segment.
International push to improve food safety
Climate change and the globalization of food production, coupled with a growing global population and increasing urbanization, pose new challenges to food safety. Food systems are becoming even more complex and interlinked, blurring lines of regulatory responsibility. Solutions to these potential problems require intersectoral and concerted international action.
No-deal Brexit ‘could cost 600,000 jobs worldwide’ – study
Within the 27 remaining EU countries, almost 180,000 posts at firms directly exporting to the UK would be at risk. But 433,000 more workers in the EU and around the world would be affected, as their employers sell to companies that in turn export to Britain.
Indian doctors protest UK’s ‘unfair’ health surcharge
“Clinicians wishing to work in the UK are already facing burdensome processes relating to regulation and immigration, and this surcharge is only going to see UK losing out on quality healthcare professionals from non-EU countries,” notes a letter from BAPIO president Ramesh Mehta and secretary Parag Singhal, sent to UK home secretary Sajid Javid last week