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Marsh McLennan to work with Ukrainian government to unlock access to global insurance market
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US climate change lawsuit seeks $50 billion, citing 2021 heat wave
Rather than acknowledge the dangers of climate change, the lawsuit...
Insurtech:Number of insurance patents filed jumps 40% in a year
RPC says that insurance patents filed last year were for innovations as diverse as the use of a system that checks whether a self-driving car is operating autonomously and switches between insurance policies automatically, and a mobile app to speed up the claims process for people affected by natural disasters.
Baby boom for some nations, bust for others: study
Ninety-one nations, mainly in Europe and North and South America, weren’t producing enough children to sustain their current populations, according to the IHME study.But in Africa and Asia fertility rates continued to grow, with the average woman in Niger giving birth to seven children during her lifetime.
Italy’s Generali to stop insuring new coal plants
Generali’s action, which comes ahead of a United Nations climate change conference in Poland in December, is the latest by a big insurance company that targets the coal industry as part of efforts move towards a lower carbon economy.In late 2017, French insurer AXA said it planned to disinvest further from the coal industry. Others that have taken steps include Scor, Swiss Re and Zurich Insurance.
Superbugs to ‘kill millions’ by 2050 unless countries act
As humans consume ever more antibiotics – either through prescriptions or agriculture and livestock products given medicines to stave off infection – strains of bacteria are developing that resist the effects of drugs designed to kill them.
Chinese big data industry boosts futuristic start-ups
One of the systems being supported by the big data industry is a smart judiciary assistant that can quickly scan through past judgments and case details to pull out relevant legal points, helping judges to arrive at decisions much faster.The project, being piloted in Guiyang, the capital city of Guizhou, can also help citizens know if they are likely to win a case.”If you are hit (in a road accident) and you want to take the case to court, with the smart assistant you can get an idea if you will win the case,” said He Yuan, general manager of China Big Data, one of the biggest big data companies in the area.
Google hears protesters, changes sexual harassment policies
Arbitration will become optional for individual sexual harassment and sexual assault claims, Google said, enabling lawsuits on those matters. It also said employees who fail to complete mandatory sexual harassment training will be docked in performance reviews.
Standard Club Asia and Ping An P&C Insurance collaborate to underwrite P&I risks in China
Under the terms of the agreement, Standard Asia and Ping An P&C will jointly offer Protection and Indemnity (P&I) cover to China’s rapidly-growing shipowning sector, with a focus on owners undertaking ocean-going voyages.
Claims against electric scooter firms pile due to deaths & injuries
Electric scooters have appeared in more than 100 cities worldwide with the startups aiming to usher in a new, environmentally friendly era of micro transportation. The rapid rise of the scooter revolution has been plagued by controversy, complaints and concussions. Citing fears over public safety, officials in some cities, including San Francisco and Santa Monica, have temporarily banned electric scooters and filed criminal complaints against the companies behind them for operating without a business permit. Some frustrated vigilante residents have tossed scooters into the ocean, buried them in the sand and even set them on fire
RenaissanceRe to acquire Tokio Millennium Re in $1.5 billion deal
Kevin O’Donnell, president and CEO of RenaissanceRe, said the deal will increase his company’s scale, broaden its reach and provide a deeper customer base. O’Donnell thanked State Farm for agreeing to broaden its relationship with RenaissanceRe.
Tokio Marine Holdings President and Group CEO Tsuyoshi Nagano said selling TMR will allow Tokio Marine Group to “focus on its primary insurance businesses globally, whilst strengthening its relationship” with RenaissanceRe.
China’s Biggest Insurer, Ping An, Plans $2B IPO of Health Tech Unit
Ping An Healthcare Technology covers the medical data of more than 800 million Chinese citizens, its parent company’s deputy chief executive officer, Jessica Tan, told investors in November last year. It has been able to help local governments in 250 Chinese cities reduce medical insurance expenditures an average 10 percent by preventing fraud, Tan said at the time.