The EU’s top antitrust watchdog, the European Commission, could...
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JPMorgan agrees to pay $290 million to settle Jeffrey Epstein case
The “agreement in principle” would settle a proposed class action...
SCOR chairman Kessler, 71, passes away, company pays tribute
Denis Kessler Thierry Léger, chief executive officer, SCOR, said,...
Merger Deals Now Include #MeToo Sexual Harassment Clauses
“We do market research, search engine and social media assessments to evaluate the reputation of any brand,” Belisle said in an interview. “Doing that helps us to uncover risks and figure out where the opportunities might be for a company.” Gaining that perspective on a brand can give private equity firms an advantage when considering where to invest — and an edge over their peers in a bidding process.
Tests expose risks of Semi-Autonomous driving systems
The Insurance Institute for Highway Safety, in a paper titled “Reality Check,” issued the warning Tuesday after testing five of the systems from Tesla, Mercedes, BMW and Volvo on a track and public roads. The upshot is while they could save your life, the systems can fail under many circumstances.
Major Post-Brexit Risk: UK’s $33.5B of Financial Services Exports to EU
Brexit will mean banks, insurers and asset managers in Britain losing the unfettered access to the bloc’s customers they currently have under EU “passporting” rules
US court weighs Cancer claims against Monsanto’s Roundup
The U.S. Environmental Protection Agency in September 2017 concluded a decades-long assessment of glyphosate risks and found the chemical not likely carcinogenic to humans. The World Health Organization’s cancer arm in 2015 classified glyphosate as “probably carcinogenic to humans.”
Apple, and Swiss Re collaborate to accelerate Renewable Energy Development in US
“At Apple, we’re proud to power all of our operations around the world with 100 percent renewable energy,In the process, we’ve charted a course for other companies and organizations to purchase renewable energy and transition their own operations to greener power. The collaboration announced today shows how companies of all sizes can address climate change by coming together, ” said Lisa Jackson, Apple’s Vice President of Environment, Policy and Social Initiatives
MSIG Insurance-Plug&Play partnership to promote innovation through Startups
“Customers’ expectations of insurance are changing as technology plays a more important role in their day-to-day lives. Our partnership with Plug and Play is one of the ways for us to stay on top of this change and explore ways to serve our customers and partners better,” said Philip Kent, Executive Vice President, Planning and Chairman, Digital Taskforce Asia.
Earth heading towards irreversible “hothouse” state: Study
“Human emissions of greenhouse gas are not the sole determinant of temperature on Earth,” said Will Steffen from the Australian National University. “Our study suggests that human-induced global warming of two degrees Celsius may trigger other Earth system processes, often called “feedbacks,” that can drive further warming – even if we stop emitting greenhouse gases,” said Steffen, lead author of the study published in the journal PNAS.
Indonesia quake kills 82, leaves hundreds wounded
Indonesia, which straddles the Pacific’s “Ring of Fire,” is prone to earthquakes and volcanic eruptions. In January, a magnitude-6.1 earthquake struck off the southern coast of Java, Indonesia’s main island, rocking buildings in the country’s capital, Jakarta, and sending people fleeing into the streets.
In December 2004, a magnitude-9.1 earthquake off Sumatra set off a tsunami that killed 230,000 people in a dozen countries.
Dust from Sahara Desert Moves West, Puts Brakes on Atlantic Hurricanes
The dust, a marker for dry air, has spread out across the Atlantic and “that is really tamping down on the thunderstorm activity that we would typically see at this time of year,” said Jeff Masters, co-founder of Weather Underground in Ann Arbor, Michigan.
Atlantic Hurricane Season had early start, but fewer Storms Are Expected
Twelve named storms are likely to form in 2018, fewer than last year’s 17 and below the 1981-2010 average, according to a forecast Thursday from Colorado State University. That reduces the chance of Gulf of Mexico disruptions for energy and agriculture. But the outlook is a slight increase from July’s 11 and comes as the Atlantic Basin is about to enter its most active period.