The Nagoya port authority said Russia-based ransomware group...
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French insurers receive $305 million riot claims
French employers’ lobby Medef estimated the cost of violence since...
Law firms wooing AI experts as clients demand ‘More for less
Legal services are the most vulnerable to ChatGPT-style software,...
RMS strengthens Asia-Pacific capabilities in version 18 of Modeling Software
“The inclusion of new models for the region, including Philippines Typhoon, India Flood and South Korea Earthquake should help enhance the opportunities for established operators and new entrants to better understand the potential for risk, and for growth, in these important markets,” said Mohsen Rahnama, chief risk modeling officer, RMS.
FDA cites Drug Warning Scam over Online Medications
In the meantime, the FDA recommends consumers only buy medications online from U.S.-licensed pharmacies that require a prescription and notify the agency should they receive a fake warning letter.
Lloyd’s perfect prediction on World Cup champion for second time
Lloyd’s had based its prediction on research conducted in collaboration with the Centre for Economic and Business Research (Cebr), which estimated the collective value of all teams in this year’s tournament at £13.1 billion.France’s insured team value was the highest among the most expensive teams in terms of insurable value at £1.4 billion, followed by England (£1.17 billion) and Brazil (£1.1 billion).
UK car insurance premiums see biggest annual fall since 2014
Prices were pushed down because of expected changes in the rate used to calculate compensation for personal injuries, reforms likely to reduce claims for whiplash injuries, as well as a reduction in the volume of claims, the survey said.
Scientists peer into heart of hurricanes to improve intensity forecast
While the science of tracking a storm relies heavily on data about conditions on its periphery, predicting intensity relies on finding where its energy is coming from by measuring what is happening in the middle of it.
Europe’s Banks move to greener finance in response to Climate Change Risks
The strategy is to invest in cross-asset portfolios that include World Bank bonds, green bonds and environmental, social and governance-focused equity funds. The wealth manager expects the approach to generate returns comparable with its conventional strategies.
EU dismisses UK concerns about Post-Brexit continuity of Insurance Contracts
At issue is the ability of firms to continue servicing contracts if the U.K. leaves the EU with no agreement in place to ensure firms still have the authorizations they need to do business in both markets. Without those permissions, firms could be unable to carry out so-called life cycle events in derivatives contracts, such as trade compression; insurers could lose the authorizations they need to collect premiums and pay claims
US Court Rules Airport Screeners shielded from passenger abuse Claims
“For most people, TSA screenings are an unavoidable feature of flying,” but it is “squarely in the realm” of Congress to expand liability for abuses, Circuit Judge Cheryl Ann Krause wrote
Financial Services Industry slams latest UK proposal for Post-Brexit EU trade ties
“Having to comply with financial regulations we have no say over would be the worst possible scenario for our world-leading insurance sector, so we will look to the government to negotiate a better outcome than this,” said Huw Evans, the director general of the Association of British Insurers. “Whatever the final outcome, the insurance industry is too important to be a rule taker.”
China’s population would be 65% of India’s by 2050: analyst
China had more than 230.8 million people aged 60 or above at the end of 2016, 16.7 per cent of the country’s total population, the Ministry of Civil Affairs had said in August 2017. By international standards, a country or region is considered to be an “aging society” when the number of people aged 60 or above comprises at least 10 per cent of the total population