In terms of risk management practices, the report pointed out that...
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Willis and Rare partners to launch innovative insurance solution for fishers in the Philippines
Christopher Au, Head of APAC Climate Risk Centre, at Willis, said:...
Google sued for secretly amassing user data via Gemini AI
In the past, users of Gmail, Chat and Meet were given the option to...
Global economy set to cruise at a solid 3% growth rate next year
Unexpected resilience that led economists to significantly upgrade their 2024 global growth forecasts since the beginning of the year is in large part thanks to the U.S. economy's performance BENGALURU: Global economic growth will maintain its robust pace next year as...
World emission cut target will be missed by an overwhelming amount, UN climate chief warns
Total emissions of CO2 into the atmosphere in 2030 will only be 2.6% lower than in 2019, according to the latest climate plans put forward by countries, a synthesis compiled by UN Climate Change said Monday. To be consistent with a goal for a 1.5C warming limit, the...
WTW expands Japan’s corporate risk & broking business with new insurance brokerage service
``Working closely with the international and domestic insurance markets, we will focus on the speciality segments, particularly for large corporates and Japanese companies with overseas business interests. These include those in Natural Resources, such as Power...
Tokio Marine Kiln appoints Alexandros Ampatzis as Head of Marine in APAC
Alexandros Ampatzis, Head of Marine, APAC, said,“TMK’s market-leading offering, combined with its reputation for strong growth and innovation, makes it an exciting time to be joining the business. There are impressive ambitions to grow the proposition even further and...
Allianz weighs options for AllianzGI unit, sources say
Amundi and Germany’s DWS would be logical candidates for any deal Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial sale of the division, four people with knowledge of the matter told Reuters, in a move that...
US strikes $100M settlement with owner, operator of ship Dali for Baltimore bridge mishap
Settlement will cover federal costs incurred to restore access to the port of Baltimore The US Justice Department announced on Thursday that Grace Ocean Private Limited and Synergy Marine Private Limited, the Singaporean corporations that owned and operated the Motor...
Hack at UnitedHealth’s tech unit impacted 100 mln people, US health dept says
UnitedHealth has previously said that hackers potentially stole a third of Americans' data in one of the worst hacks to hit the U.S. healthcare sector. The company began notifying affected patients in June The February hack at UnitedHealth's tech unit Change affected...
Ireland fines LinkedIn 310 mn euros over EU data breach
The Data Protection Commission (DPC) issued the Microsoft-owned website its first EU fine saying "the consent obtained by LinkedIn was not given freely" An Irish regulator helping to police European Union data privacy said Thursday it had fined professional networking...
Global commercial insurance rates show first quarterly fall in seven years, Marsh says
Marsh said the fall in the composite rate - the first since the third quarter of 2017 - was largely driven by increased competition among insurers in the global property market.On average, composite rates decreased in the Pacific by 6%, in the UK by 5%, in Asia by 4%,...
Africa CDC warns of monkeypox surveillance challenges as cases surpass 45,000
Data from the Africa CDC show that the Central Africa region registered 85.5 percent of all reported cases and 99.5 percent of deaths. Additionally, the number of cases reported so far this year has reflected a 400 percent increase compared to the entire 2023 Addis...