Gunawan's appointment is the latest for TMK Asia Pacific, as it...
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Korean Re enhances risk analysis with Moody’s RMS Risk Models across Europe and Asia
Dr. Chun Baek, the head of Catastrophe Analytics at Korean Re,...
Nearly 30 ships stop around Ukraine’s Izmail gateway after Russian Danube strikes
Since the collapse of the grain corridor deal and the increased...
Pandemics may cause $570 bn annual loss to global economy, says WEF report
“Outbreaks are a top global economic risk and – like the case for climate change – large companies can no longer afford to stay on the sidelines,” said Vanessa Candeias, Head of the System Initiative on Shaping the Future of Health and Healthcare and Member of Executive Committee at the WEF.
A.J. Gallagher’s ‘clean coal’ business draws ire of green investors
Now, the Green Century Funds and Calvert Funds – which include A.J. Gallagher in their portfolios based on its record as an insurance firm, not a coal supplier – said they will review the company’s green credentials. Green Century and Calvert are two of nation’s leading money managers focused on corporate environmental, social and governance matters.
US Regulators disagree over giving Fintechs Federal Charter to skirt State Rules
Companies such as PayPal and LendingClub Corp. have attracted millions of customers by offering greater convenience or better prices than traditional banks. The OCC and the FDIC say such firms can broaden access to financial services because their low-cost models allow them to reach poorly served areas and offer small loans that are uneconomical for bigger banks.
Pension Trustees seek corporate disclosure of Sexual Harassment Costs, Policies
“We don’t see how it could possibly be accretive to corporate value to have a culture that allows for sexual harassment in the workplace,” said Priya Mathur, the departing president of the $345 billion California Public Employees’ Retirement System, the largest U.S. pension fund.Companies are losing customers, paying settlements and higher insurance costs and being distracted “from their core strategies because they have to deal with this.”
World Bank Gr announces $50 bn over five yrs for Climate Adaptation & Resilience
Our new plan will put climate resilience on an equal footing with our investment in a low carbon future for the first time. We do this because, simply put, the climate is changing so we must mitigate and adapt at the same time,” said World Bank Chief Executive Officer Kristalina Georgieva. “We will ramp up our funding to help people build a more resilient future, especially the poorest and most vulnerable who are most affecte
“Rising geopolitical and geo-economic tensions are the most urgent risk in 2019”
The report released on Wednesday said environmental degradation is the long-term risk that defines the current era, with four of the top five most impactful global risks in 2019 related to climate Rapidly evolving cyber and technological threats are the most significant potential blind spots; and the vulnerability of networked societies still not fully appreciated, said the report.
Cyber joins Business Interruption as leading Global Risk for first time: Allianz
“Companies need to plan for a wide range of disruptive scenarios and triggers, as this is where their big exposure lies in today’s networked society,” says Chris Fischer Hirs, CEO of AGCS.
“Disruptive risks can be physical, such as fire or storms, or virtual, such as an IT outage, which can occur through malicious and accidental means. They can stem from their own operations but also from a company’s suppliers, customers or IT service providers. Whatever the trigger, the financial loss for companies following a standstill can be enormous.
Colorado Man Sentenced to 76 yrs of prison for $16mn securities fraud over Insurance Marketing Organisations
Schnorenberg solicited investments personally and also directed agents to solicit investments for his multiple insurance marketing organizations from 2009 to 2015.
Fiat Chrysler to pay $700M to U.S., States, car owners over diesel emissions claims
The Justice Department in 2017 said Fiat Chrysler used auxiliary emissions controls in diesel vehicles that led to “substantially” higher than allowable levels of nitrogen oxide, or NOx pollution, which is linked to smog formation and respiratory problems.
US: Drug advertising drives $30 bn Medical Industry marketing machine
The researchers estimated that medical marketing reached $30 billion in 2016, up from $18 billion in 1997. Spending on consumer-focused ads climbed fastest. But marketing to doctors and other health professionals still grabbed the biggest share with the bulk of it paying for free drug samples.
“Marketing drives more treatments, more testing” that patients don’t always need, said Dr. Steven Woloshin, a Dartmouth College health policy expert. Woloshin wrote the report with his wife, Dr. Lisa Schwartz, both longtime critics of over-diagnosis and over-treatment.